The quarterly summary of Malaysia’s tech, startup and venture funding news, covering April, May and June of 2024.
In June 2024 | In May 2024 | In April 2024
2024 Cybersecurity Asia Conference – Kuala Lumpur, October
Malaysian tech news in June 2024
- Malaysia: Telekom Malaysia and Nxera, regional data centre arm of Singtel’s Digital InfraCo, partner for cutting-edge data centre facility in Johor / full item
- Malaysia: Taiwan’s Elite Material Co to commence construction of $190M facility in Penang, producing substrates for circuit boards and semiconductors / full item
- Micron chipmaker is considering Malaysia for production of AI-focused high-bandwidth memory chips, alongside test production lines in the US / full item
- Malaysia: Tech in Asia Conference is set for July 24-25, running in Kuala Lumpur and backed by MYStartup / full item
- One ASEAN Startup Award Kuala Lumpur Pre-event is set for June 25th, featuring 10 pitching startups / full item
- Malaysia: MYStartup and WTF Accelerator applications for Pre-accelerator Cohort 4 are open, closing June 23 for September intake, and seeking Malaysian tech startups and ideas / full item
- Securities Commission Malaysia issues first edition of ‘Practical Guide on Venture Capital and Private Equity in Malaysia’, a guide to the policy landscape / full item
- Malaysia: US-based MKS Instruments to build wafer fabrication and equipment production in Penang, with construction set for 2025 / full item
- Malaysia: Deemples Technologies raised $2M with golfing platform, allowing users to plan games, find partners and build communities / full item
- Malaysia: China’s ByteDance to expand footprint in Malaysia with $2.13 billion AI tech hub, and $317 million data center spend / full item
- Malaysia: MYStartup Pre-Accelerator opens applications for its 4th cohort, seeking pre-seed and early-stage tech startups from a range of sectors / full item
- A brief look at Malaysia’s opportunities, and challenges, in the semiconductor industry / full item
- Malaysia: An intro to 5 startups that presented at MyStartup Pre-Accelerator Cohort 3 Demo Day, working on AI-backed health-tech, education technology and more / full item
- Google is to invest $2BN in Selangor, Malaysia, building out its first data centre and Google Cloud region in the country / full item
- Malaysia unveils $5.3 billion National Semiconductor Strategy, a 3-phase plan to strengthen the country’s position in semiconductor related technologies and supply chains / full item
- ‘Silicon Malaysia Map’ from Malaysia Semiconductor Industry Ass’n, an at-a-glance outline of the nation’s key industry participants / full item
- Malaysia: MYStartup NXT Penang is set for June 21st featuring conference, info sessions, discussions and local tech and startup ecosystem intro / full item
- Malaysia: Digital Penang 2024 Hardtech Incubator launches, aiming to make Penang a hub for deep-tech firms / full item
- China Railway Rolling Stock Corp partners France’s OPmobility for JV on hydrogen systems for use in ‘smart trams’ in Malaysia, and rail applications in China / full item
MYStartup – Single window on Malaysia’s startup ecosystem
Malaysia’s tech news: May 2024
- Malaysian gov’t to again allow foreign ships repair undersea cables, reinstating exemptions in bid to boost digital industry growth / read it here
- Social Enterprise Accelerator Malaysia launches, an initiative from Ikea Social Entrepreneurship and Malaysia’s Biji-biji Initiative, seeking sustainable solutions that prioritise social impact / read it here
- Endeavor Malaysia opens applications for 5th Cohort of Scale Up by Endeavor Program, in partnership with MYStartup and supported by Grab and GX Bank / read it here
- Malaysia: Hong Leong Bank launches 6th edition of HLB Launchpad, aiming to co-create sustainability solutions towards national low-carbon economy goals / read it here
- Malaysian Research Accelerator for Tech & Innovation, MRANTI, launches KL Innovation Network of tech hubs in Klang Valley in bid to boost the domestic startup ecosystem / read it here
- Malaysia: Microsoft adds to Indonesia and Thailand commitments with $2.2BN investment in Malaysian AI infrastructure and training for 200K Malaysians / read it here
- Malaysia: A bit more on Blue Chip Capital’s semiconductor industry investment plans, aiming to fund at least 10 startups through $210M fund / read it here
- 3rd Malaysia-China Joint Committee Meeting on Science, Tech & Innovation Cooperation concludes with commitments to collaborate on research in key areas including space tech, AI, blockchain and advanced materials / read it here
- Alibaba Cloud to launch first Mexico region, and to establish new data centers in markets including Malaysia, Philippines, Thailand and South Korea over 3 years / read it here
BCG & SIA: Emerging resilience in the semiconductor supply chain
Malaysian tech headlines: April 2024
- Malaysia: Applecrumby babycare brand and platform raised $4.2M from 500 Global VC firm, targeting entry to 20 news countries by year-end with distributor network development / read it here
- Malaysia: A brief look at the recent Cradle Open Day 2024 in Kota Kinabalu, Sabah, an initiative under the Ministry of Science, Tech & Innovation Cradle Fund / read it here
- Malaysia: More on the Sabah startup ecosystem, its challenges and opportunities / read it here
- Consortium of Indian Industries in Malaysia and India ASEAN Startup Summit ink MOU looking to boost startup and innovation exchanges / read it here
- Malaysia: KL20 Startup Summit set for April 22-23 in Kuala Lumpur / read it here
- Malaysia: BlackBerry opens Cybersecurity Center of Excellence in Kuala Lumpur, alongside Cybersecurity Curriculum offering globally-recognized courses and certifications / read it here
- Malaysia Venture Capital Roadmap 2024-2030 report is now available, aiming to double the total funding value of venture capital in Malaysia’s still-nascent VC industry by 2030 / read it here
- Malaysia Digital Economy Corporation to introduce Malaysia Digital tax incentives in May, alongside expediting ‘foreign knowledge worker’ applications and national e-invoicing initiative / read it here
- Malaysia’s MOVE Digital, Capital A’s digital arm, partners China’s Ant International for wide-ranging integration of Ant fintech and payments technologies / read it here
- Malaysia: KL20 Startup Summit is set for April 22-23 in Kuala Lumpur, delivered by the Ministry of Digital MyDIGITAL Corp / read it here
- Malaysia: “The government reported nearly 52K cases of harmful content on various social media platforms, including Meta’s Facebook and TikTok, in the first 3 months of 2024, compared with 43K for the whole of 2023.” / read it here
- Malaysia’s Sarawak Microelectronics Design Semiconductor recently inked MOUs with 2 UK firms, one in the chips space, the other in blockchain and web3 / read it here
- Malaysia: MYStartup accelerator and NEXEA VC launch Cohort 3, selecting 25 startups from over 900 / read it here
- Malaysia: Gov’t to build SE Asia’s largest circuit design park, offering tax breaks, subsidies and visa fee exemptions to draw firms and investors in bid to break into high-end tech manufacturing / read it here
- Malaysia: KL20 Action Plan available to download, ‘Unleashing the Full Potential of Malaysia’s Startup Ecosystem’ / read it here
- Malaysia: China’s Ant International unveils Digital Business Centre plans, expecting to hire 500 by next year for ‘huge operations centre’ with global tasking / read it here
- Malaysia: Blue Chip Venture Capital to invest in more than 10 semiconductor industry firms with $209M fund, looking in part to bring China’s semicon firms to Malaysia / read it here
- Malaysia: Penang state’s semiconductor sector to gain $100M investments from 3 China firms working in semicon packaging, equipment manufacturing and materials R&D / read it here
- Malaysia: Khazanah retirement fund, KWPD pension fund and Blue Chip Venture Capital join for $627M SEA startup-focused fund, part of the country’s bid for global tech position into the future / read it here
- SemiCon Southeast Asia 2024 event set for May 28-30 in Kuala Lumpur, Malaysia, looking at all things semiconductor-related / read it here
- 3rd Malaysia-China Joint Committee Meeting on Science, Tech & Innovation Cooperation concludes with commitments to collaborate on research in key areas including space tech, AI, blockchain and advanced materials / read it here
Critical technologies, globally, in Q2 2024 – space, semiconductors, cyber…
Asia/Indo-Pac tech news
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