Tech news from Malaysia across Q3 of 2024, spanning July, August & September, touched on a range of Malaysian tech developments and successes, including: Malaysia’s chair position for the ASEAN Startup Initiative; Malaysia’s national moves into blockchain tech for digital ID, in partnership with Worldcoin; Malaysia’s many moves to position itself as a global semiconductor manufacturing and packaging hub; and many more.
Malaysian tech: September 2024
Asia’s Tech News, Weekly newsletter >
KPMG Venture Pulse Q3 2024 Report – Global analysis of venture funding
September 2024 in Malaysia
- Malaysia’s OMS undersea cabling firm sets $300M for new ASEAN-focused cable systems and acquisitions, responding to demand for data centers and cloud computing / in full
- MYHackathon 2024 is open for registration from Malaysian citizens, with 7 problem statements to address around digitalization of government services / in full
- Malaysia and Cambodia central banks launch cross-border QR payments, allowing consumers and merchants to make and receive instant payments via mobile / in full
- An overview of Penang STEM Talent Blueprint, Advanced Technology Equipment Cluster, and other future-focused technology initiatives / in full
- Malaysia is accelerating its ambitions to become a major player in the global digital economy and semiconductor industry through two significant initiatives… / in full
- Taiwan’s ELNA opens 2nd printed circuits board plant in Penang with $230M in funding, seeing supply chain opportunities in a range of sectors / in full
- Cradle, gov’t focus agency for early-stage startups, is to lead the ASEAN Startup Initiative, with initiatives to include ASEAN Startup Portal / in full
- Download: ‘Malaysia Startup Ecosystem Roadmap 2021-2030‘ PDF download: / in full
- Malaysia’s Cradle Fund and Invest India form strategic India-Malaysia Startup Alliance to strengthen startup ecosystems in both nations / in full
- BoomGrow vertical farming solutions provider and CelcomDigi telco partner for tech-driven agri-tech solutions / in full
- Japan’s Bee Informatica completes seed round, raising near $500K with Funding Bee, a digital microfinance solution for SMEs in Malaysia / in full
- Philippines: Malaysia’s Carching Ventures launches in the Philippines to help drivers earn from product ads while driving / in full
- Australia: NSW startups gain SE Asia market access with International Landing Pads agreements in Vietnam, Indonesia and Malaysia, and reciprocal access / in full
Video: Interview intro to Malaysia’s Carching, recently launched in The Philippines allowing drivers too earn with ads installed on cars / watch it on YouTube
August 2024: Malaysian tech news
- Asia Internet Coalition, representing tech giants including Google, Facebook’s Meta and Twitter/X, pushes back on Malaysia’s proposed social media licensing plan / in full
- Available now: ‘Horizon, A Perspective of Malaysia’s Digital Economy‘ – insights on trends & opportunities and the primary reference for stakeholders / in full
- “…has lost as much as RM3.4 billion from 2018 to last year due to the theft of electricity supplies for cryptocurrency mining…” / in full
- Inidia’s T-Hub startup incubator inks MOA with Malaysia’s Beyond4 accelerator ecosystem, targeting cross-border innovation and market access opportunities / in full
- Future Finance 2024 Conference is set for September 12th in Kuala Lumpur, looking at all things digital in banking and insurance / in full
- National Blockchain Infrastructure, MyEG e-gov’t services provider and other gov’t units partner Worldcoin for ID integration with national systems / in full
- Cradle Fund and VentureTECH impact investment firm join under gov’t Fund Funnel program to streamline startup funding through growth phases / in full
- Malaysia advances value chain bid, opening its first semiconductor integrated circuit design hub in Selangor, with sights on 5 such centers in 5 years / in full
Video: The potential of Malaysia’s tech scene with Khailee Ng, 500 Global Managing Partner, from the recent Tech in Asia Conference Kuala Lumpur 2024 / in full
- Maxis telco and Huawei enter strategic collaboration on Joint Innovation Center in Malaysia, looking at wide range of cutting-edge technologies / in full
- 2024 Asia-Pacific Semiconductor Summit & Expo is set to run in Penang, Malaysia, in October / in full
- MYStartup pre-accelerator unveils 30 tech startups selected for Cohort 4, working on businesses from coffee to cybersecurity / in full
- Startup World Cup Malaysia 2024 unveils 10 startups selected to represent the country at the Grand Finale in Silicon Valley / in full
- Infineon launches phase 1 of new Kedah state facility set to become the world’s largest 200-millimeter silicon carbide power semiconductor plant / in full
- Newell Road secures $110K pre-seed funding from participation in Antler Malaysia Residency with AI-automated market research and business reporting / in full
- Gov’t to require social media services with more than 8M users in the country to apply for a license, in bid to beat increasing cyber issues / in full
- “Tesla is… only discussing charging stations, with the factory plans suspended not just in Thailand but worldwide… not proceeding in Malaysia, Indonesia, or anywhere else except for China, America and Germany” / in full
- Singapore’s Beep raises $3.3M to expand Voltality, integrated charge stations, payment services and vehicles stack, in Thailand and Malaysia / in full
- Singapore-based Antler VC closes 2nd Southeast Asia fund, raising $72M to focus on startups in Singapore, Indonesia, Vietnam and Malaysia / in full
GITEX Asia Tech Voices: News, articles, commentary, industry coverage…
July 2024: Tech news, Malaysia
- PitchIN digital fundraising and investments hub to launching PSTX, the pitchIN Secondary Trading Market, expanding the equity crowdfunding platform’s footprint / in full
- The Tech in Asia Conference took place July 24-25 in Kuala Lumpur, and gathered startups, founders, investors, and business leaders from across SE Asia / in full
- Hong Kong FinTech Week’s Southeast Asia Roadshow hit Kuala Lumpur on July 29th / details
- A brief overview of the goals of the Silicon Island project, a man-made recovered island off Penang’s southern coast, projecting 220,000 new tech jobs over 30 years / in full
- “…$5.33BN to transform the nation into a global semiconductor hub… develop an integrated circuit design park in Selangor and a ‘Silicon Island’ off the coast of Penang” / in full
- Digital Penang unveils Market Access Thailand program, aiming to intro Penang startups to the Thai market / in full
- Malaysia and Singapore increase oversight of social media, messaging platforms and online markets in bid to curb growth in online scams and harms to minors / in full
- “In what were once wild jungle and palm oil plantations in southern Malaysia, the likes of TikTok, Nvidia and Microsoft are racing to install the building blocks of the digital economy: data centres.” / in full
- Telekom Malaysia and Nxera, regional data centre arm of Singtel’s Digital InfraCo, partner for cutting-edge data centre facility in Johor / in full
- Taiwan’s FinTechSpace and Fintech Association of Malaysia ink MOU to collaborate on industry matchmaking, aiming to grow cross-domain fintech opportunities / in full
- Reserve Bank of India joins Project Nexus, collaborating with Malaysia, Philippines, Singapore, and Thailand to facilitate instantaneous cross-border retail payments / in full
- “Project Nexus aims to connect domestic instant payment systems to improve… cross-border payments… with the central banks of India, Malaysia, Philippines, Singapore & Thailand” / in full
- ASEAN Startup Initiative gains endorsement from ASEAN Committee on Science, Tech & Innovation, with Malaysia’s Cradle Fund set to lead the Initiative / in full
GITEX Asia Tech Conference & Expo: April 2025 in Singapore
Weekly newsletters
For a one-shot round-up of each week’s technology news headlines, gathered across Southeast Asia and the Indo-Pacific, you should read Asia’s Tech News, Weekly, the Startup News Asia newsletter, on LinkedIn and via Substack.
