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Malaysia's push for more IC design firms

on 18 Oktober, 2013

PETALING JAYA, Malaysia Oct 18 (Business Times) - The government is committed to increase the number of local integrated circuit (IC) design firms in the country to 50 in seven years, in line with the National Key Economic Areas (NKEA) initiative to elevate the electrical and electronics (E&E) sector’s value chain.

International Trade and Industry Minister Datuk Mustapa Mohamed said Malaysia has a small base of IC design firms but not lacking in success stories.

One of the them is Symmid Corporation Sdn Bhd, a fabless semiconductor design company which provides end-to-end IC design services to fabless design houses, electronics and semiconductor system companies, equipment manufacturers and service providers.

He said this during a visit to the company’s office here yesterday.symnews.jpg

Mustapa said Symmid has very bright prospects in the IC design sector as it is a very niche area which requires highly innovated and creative human capital.

“I am even more impressed that some of the employees are Malaysians who have spent years in the Silicon Valley, Shanghai and Cambridge and they willingly came back.”

One of them is Symmid’s chief executive officer Steve Liew, who had worked in the Silicon Valley for many years and was approached by Talent Corp to come back.

Liew said 15 per cent of Symmid’s staff are Malaysians who had worked overseas as they are confident of the industry’s direction and the support given by the government.

The company made RM4.5 million in turnover in 2012 and is confident of making RM13 million this year.

Symmid is 55 per cent-owned by French Altis Semiconductor and 45 per cent by Kumpulan Modal Perdana, which is owned by Finance Ministry Inc.

Source : Business Times



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