By Yasmin Ramlan
SHAH ALAM, Aug 11 — The two Malaysia Semiconductor IC Design Parks in Puchong and Cyberjaya have generated an estimated RM4.2 billion in economic impact, the Selangor State Legislative Assembly was told today.
State executive councillor for investment, trade and mobility Ng Sze Han said the impact extended beyond direct investment to encompass business activity, high-skilled job creation and spillover benefits for surrounding businesses, services and infrastructure.
"The figure is not merely the amount of direct investment. It includes the value of companies and business activities created, the creation of high-skilled jobs with decent salaries, as well as economic spillover effects on the development of businesses, services and infrastructure in the surrounding areas of Puchong and Cyberjaya," he said.
He added that the state's semiconductor ecosystem had also attracted RM221 million in investments in the second quarter of 2026, comprising RM131 million in foreign direct investment (FDI) and RM90 million in domestic direct investment (DDI).
He was responding to Balakong assemblyman Ong Chun Wei on the latest developments involving the IC Design Parks in Selangor, which currently host 18 companies.
Commenting on FDI, Ng said key developments included SkyChip's strategic partnership with US-based artificial intelligence (AI) technology company Cerebras Systems, as well as the entry of new global companies, including those from China, into the IC Design Parks.
SkyChip also made history as the first Malaysian IC design company to undertake an initial public offering (IPO), he noted.
He added that local firm GreatAsic Technology had secured US$6.9 million (RM28.2 million) in Pre-Series A funding, with participation from international venture capital firms Vortex Ventures and Gobi Partners.
"These achievements reflect global investors' confidence in the capabilities of local talent and the growth potential of semiconductor companies in Selangor," he said.
Ng said the state government, through the Selangor Information Technology and Digital Economy Corporation (SIDEC) and Permodalan Negeri Selangor Bhd (PNSB), had also invested in a semiconductor fund, which subsequently made two investments in local companies.
Meanwhile, commenting on employment, Ng said 80 new local engineers had been hired in 2026, bringing the total number of engineers working at the two IC Design Parks to 380.
Based on an estimated starting salary of RM6,000 a month, he said the 380 engineers generated an estimated RM27.36 million in annual salary value.
The IC Design Parks are targeting a total workforce of 400 engineers by the end of 2026.
Ng said the developments demonstrated that the Malaysia Semiconductor IC Design Parks and Selangor Semiconductor Hub were not only attracting domestic and international investments but also serving as catalysts for local company growth, high-value job creation and the strengthening of the semiconductor ecosystem in Selangor and Malaysia.
