IC Design Park is expected to bring economic benefits of RM50 billion to RM1 billion

KUALA LUMPUR, April 22 (Bernama) — Malaysia Semiconductor Accelerator and IC Design Park: Selangor Hub, an initiative through the Selangor State Government’s Digital Economy Department, will generate economic benefits of between RM500 million and RM1 billion. It is expected to bring about

Selangor State Information Technology and Digital Economy Corporation (SIDEC) chief executive officer Yong Kai Ping said the integrated circuit (IC) hub in Puchong, Selangor, will start operating in July and will help the state’s economy grow. He said he plans to contribute to growth.

He added that the state-of-the-art facility developed in collaboration with the federal government will open up professional career opportunities, especially in the engineering field, with high salary offers ranging from RM5,000 to RM7,000 per month. Ta.

He spoke to reporters here today after signing letters of intent with four strategic partners: SoftBank subsidiary ARM Ltd, Faison Malaysia (MaiStorage), SkyeChin Sdn Bhd and Shenzhen Semiconductor Industry Association.

Collaboration with these influential organizations aims to leverage global expertise and resources to increase regional capabilities in semiconductor design.

“We expect to employ more than 300 IC design engineers in our first year of operation, and that number will increase in the following year,” he said.

IC Design Park will initially be housed in a 45,000 square foot building, which will later be expanded to up to 60,000 square feet to accommodate industry needs, Yong said.

“We will expand the building from three to six floors. We are already receiving strong demand from overseas investors,” he added.

The signing ceremony, which was held in conjunction with the KL20 Summit in 2024, was attended by Economic Affairs Minister Rafizi Ramli, Digital Minister Gobind Singh Deo, Selangor State Secretary Datuk Haris Kasim, and Nze Khan State Investment, Trade and The Chairman of the Mobility Committee attended.

Prime Minister Datuk Seri Anwar Ibrahim inaugurated the two-day summit starting today.

Mr Ng said the hub is set to become Southeast Asia’s largest IC design park.

“This is a great initiative that will not only create employment opportunities but also opportunities in support sectors such as logistics and food and beverage,” he said.

The park’s main goals are to promote the manufacturing of original designs, encourage local involvement in product design, prototyping and production, and move from ‘Made in Malaysia’ to ‘Made by Malaysia’. That’s it.

— Bernama

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