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1. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA
2. Mr. William Liang, Director Xenith Technology (Malaysia) Sdn. Bhd.
3. Mr. Ong Chin Hu, Founder and CEO of GreatAsicTechnology Sdn. Bhd.
4. Ms. Zaiton Yahya, Director of Manufacturing Industry, Science and Technology Section Division, Ministry of Economy
KUALA LUMPUR, June 24 (Bernama) -- The Malaysian Investment Development Authority (MIDA) today hosted the MIDA-GreatAsic Value Chain Programme, bringing together key stakeholders from government, industry and ecosystem partners to witness the exchange of a strategic collaboration between homegrown local company, GreatAsic Technology Sdn. Bhd. and Xenith Technology Malaysia Sdn. Bhd., the Malaysian unit of China-based Xenith Technology.
The programme highlights the tangible outcomes that emerge when investments, talent development initiatives and ecosystem-building efforts converge to create meaningful opportunities for Malaysian companies and engineering talent. While centred on a single project, the collaboration reflects Malaysia’s broader aspirations to strengthen domestic capabilities, deepen industry linkages and move further up the semiconductor value chain — consistent with the objectives of the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS).
Speaking at the event, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, stated, "The collaboration between GreatAsic and Xenith represents more than a commercial agreement. It reflects growing confidence in Malaysian capabilities, trust in our engineering talent, and the increasing ability of local technology companies to participate in high-value segments of the global semiconductor industry.”
“Integrated circuit design is one of the highest-value segments of the semiconductor value chain, requiring specialised expertise, advanced engineering capabilities and continuous innovation. Through collaborations such as this, Malaysia is strengthening its position within the global semiconductor ecosystem while creating meaningful opportunities for our engineers and industry players to move up the value chain, supporting the objectives of the NIMP 2030 and the NSS.”
Mr. Ong Chin Hu, Founder and CEO, GreatAsic Technology Sdn. Bhd. said,“Through this collaboration with Xenith, we are not only advancing Advanced Driver Assistance Systems (ADAS) and next-generation semiconductor design capabilities, but also opening up new technical horizons for GreatAsic and for Malaysia’s IC design landscape as a whole. This partnership reflects the growing strength and confidence in Malaysia’s engineering talent and ecosystem.
We would like to express our sincere appreciation to the Malaysian Government, especially MIDA, for their continuous support in enabling such high-value collaborations. Initiatives like this are creating real opportunities for Malaysian companies to move up the value chain, particularly in advanced areas such as ADAS and intelligent mobility technologies.
In many ways, this is a clear example of how Malaysia is capturing the opportunities from the global semiconductor shift, while building stronger local capabilities for the future.”
Mr. William Liang Weiqiang, Director of Xenith Technology (Malaysia) Sdn. Bhd. said, “This collaboration with GreatAsic represents an important milestone in advancing Malaysia's semiconductor design capabilities. By combining our expertise in advanced SoC development with GreatAsic's strong local engineering talent, we aim to develop next-generation ADAS sensor processing solutions that address the growing demands of intelligent mobility.
Beyond technology development, we see this partnership as an opportunity to strengthen Malaysia's domestic semiconductor ecosystem through knowledge transfer, talent development, and the creation of high-value design capabilities. We look forward to working closely with GreatAsic to deliver innovative semiconductor solutions while contributing to the long-term growth of the industry in Malaysia."
A key highlight of the event was the "CEO Fireside Chat #BorakBersamaCEOMIDA: Developing Malaysia's Future Semiconductor Workforce". This interactive session featured 20 newly recruited Malaysian engineers onboarded by GreatAsic. The session highlighted the direct impact of this collaboration on local human capital development, offering these engineers hands-on experience in world-class technical design and global technology trends.
Beyond its immediate impact on semiconductor design capabilities, the collaboration is also expected to support GreatAsic’s expansion into emerging technology segments such as ADAS and EVs. These sectors represent some of the fastest-growing areas of the global technology industry and are driving increasing demand for advanced semiconductor solutions.
By participating in projects within these high-growth sectors, Malaysian companies and engineers are building the expertise required to compete in the industries of tomorrow. This aligns with Malaysia’s efforts to create a highly skilled workforce and develop indigenous technological capabilities that support long-term economic competitiveness.
The programme also underscores the importance of strong collaboration among government ministries and agencies, multinational corporations, local technology companies and ecosystem partners in achieving Malaysia’s semiconductor ambitions. The presence of representatives from the Ministry of Investment, Trade and Industry (MITI), Ministry of Economy, Malaysian Institute of Microelectronic Systems (MIMOS), Northern Corridor Implementation Authority (NCIA), and Selangor Information Technology and Digital Economy Corporation (SIDEC), reflects a shared commitment towards advancing Malaysia’s technology ecosystem.
As Malaysia advances the implementation of the NIMP 2030 and NSS, MIDA continues to assume a key role in facilitating strategic collaborations that strengthen local supply chains, expand industry participation, and create pathways into emerging technology domains.
Through initiatives such as the Xenith-GreatAsic collaboration, Malaysia continues to reinforce its position as a leading semiconductor hub in the region and a key player within the global semiconductor value chain.
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SOURCE: Malaysian Investment Development Authority (MIDA)
FOR MORE INFORMATION, PLEASE CONTACT:
MIDA
Name: Mr. Mohd Mazlan Mokhtar
Director, Electrical & Electronics Division
Tel: +603-2267 6655
Email: mazlan@mida.gov.my
GreatAsic Technology Sdn. Bhd.
Mr. Ong Chin Hu
Founder and Chief Executive Officer
Tel : +603 8066 6637
Email : contact@greatasic.com
--BERNAMA
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