Chery Malaysia Marks Three Years of Driving Investment, Growth and Nation-Building for Malaysia

(fifth from left) His Highness Tengku Amir Shah, The Raja Muda of Selangor was present together with (first from left) Chen Chun Qing, Vice President of Chery International, Zhang Guibing President of Chery International and Yin Tongyue, Chairman of Chery Automobile Co. Ltd during the groundbreaking ceremony of Chery Smart Auto Industrial Park held early in 2025.

KUALA LUMPUR, July 1 (Bernama) -- Chery Malaysia continues to deepen its roots in the country through investments that create jobs, partnerships that strengthen local industries, and initiatives that deliver value to communities nationwide. Over the past three years, the automotive company has focused on creating long-term value for Malaysia by contributing to economic development, talent cultivation and community well-being.
A key milestone in Chery Malaysia's long-term commitment in Malaysia is the development of the Chery Smart Auto Industrial Park manufacturing facility in Lembah Beringin, Selangor.

Chery recently celebrated the topping-out of phase one, marking the completion of the main structure of the assembly plant, following a groundbreaking ceremony held last year in the presence of His Highness Tengku Amir Shah, The Raja Muda of Selangor.

The 200 acre facility is expected to become a catalyst for economic growth in the area, driving industrial development while creating new employment and local business opportunities. Upon completion of the first phase, the plant is expected to generate approximately 2,000 jobs, with total direct employment projected to grow to 5,000 positions through subsequent development phases planned for 2028 and 2029.

Chery's commitment to Malaysia extends beyond mobility. Through strategic industry collaborations, supplier development initiatives and talent-building programmes, while creating job opportunities for Malaysians.

Efforts such as the Chery’s Supply Chain Programme have fostered partnerships between local and international industry players, encouraging technology exchange, skills development and supply chain growth. At the same time, Chery continues to nurture future talent through knowledge transfer initiatives, technical training and collaborations with local TVET institutions, helping equip the next generation of Malaysians with the skills needed to thrive in an evolving automotive industry.

Beyond business growth, Chery believes in making a positive difference in the communities where it operates from community welfare, environmental conservation to sports and youth development.

Among these efforts was Chery's swift response during the Putra Heights fire incident whereby 50 Chery vehicles were loaned to affected residents helping them ease their mobility needs as well as monetary support to a local mosque providing shelter to the victims.

Chery has also contributed to environmental conservation programmes, including partnerships focused on biodiversity protection and turtle conservation programmes.

The company has backed youth and sporting excellence initiatives such as the Olympic Games 2023, Asian Youth Para Games 2025 and most recently the inaugural Chery x Lee Chong Wei Cup which will be held next month, helping provide opportunities for young local athletes to pursue their aspirations and realise their potential.

"Our journey in Malaysia goes beyond mobility. By investing in people, creating opportunities and supporting communities, we are committed to advancing with Malaysia and delivering value beyond the automotive industry and create a lasting impact for generations to come,” said Men Lin Bo, Chery Corporate Malaysia Executive Vice President.

Chery Malaysia also believes in fair and healthy competition within the automotive industry as it drives innovation and ultimately benefits Malaysian consumers.

About Chery Malaysia
Chery Malaysia is part of Chery Automobile Co., Ltd., a subsidiary of Chery Group, a leading Chinese automobile manufacturer headquartered in Wuhu, China. Established in 1997, Chery has been a key player in the automotive industry, renowned for its diverse lineup of passenger cars, SUVs, and electric vehicles. Chery has earned a prominent position in both domestic and international markets, exporting vehicles to over 80 countries worldwide, including Malaysia. For 22 consecutive years, Chery has been the No.1 brand in China for vehicle exports.

For more information, visit www.chery.my
Follow Chery Malaysia Facebook www.facebook.com/cherymalaysiaofficial

SOURCE: Chery Auto Malaysia Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT:
PR and Communications
Name: Christina Low
Email: christinalow@chery.my

--BERNAMA

MALAYSIA LAUNCHES SEMICONSTART MALAYSIA TO ACCELERATE THE NEXT GENERATION OF HOMEGROWN SEMICONDUCTOR CHAMPIONS

KUALA LUMPUR, July 1 Bernama) -- Malaysian Technology Development Corporation Sdn. Bhd. (MTDC) today officially launched SemiconStart Malaysia, a national semiconductor incubation programme designed to support the growth of high-potential Malaysian and Malaysia-based semiconductor ventures in higher-value segments of the global semiconductor value chain.
SemiconStart Malaysia was identified under Budget 2026 as a strategic initiative to support semiconductor startups through mentorship, access to global funding and investment networks, semiconductor tools, prototyping opportunities and commercialisation support.

The programme was officially launched by YB Senator Datuk Seri Amir Hamzah Azizan, Minister of Finance II, in the presence of industry leaders, investors, academia and representatives from the inaugural cohort of participating companies.

Led by MTDC in collaboration with Silicon Catalyst UK, SemiconStart Malaysia is the nation's first dedicated semiconductor venture-building programme focused on helping early-stage semiconductor companies overcome the industry's unique challenges, including high prototyping costs, lengthy development cycles, complex technical validation requirements and barriers to commercialisation. The programme is designed as a “design-to-fab-to-market” bridge, connecting founders with specialist mentors, technical experts, investors, design, test & fabrication partners and commercialisation pathways.

The programme supports companies operating in high-value areas such as integrated circuit (IC) design, advanced materials, photonics and optics, MEMS and sensors, advanced packaging, semiconductor automation and emerging quantum-related technologies.

Unlike conventional startup incubators, SemiconStart Malaysia combines specialised semiconductor mentorship, technical validation, commercial assessment, funding support and access to a global network of semiconductor experts, investors, fabrication partners and industry players. Through the programme, selected companies may receive incubation support of up to RM1 million per company alongside a structured 260-day development pathway.

Speaking at the launch, YB Senator Datuk Seri Amir Hamzah Azizan said Malaysia’s semiconductor industry has reached a point where participation in global supply chains must be complemented by greater value creation through innovation, intellectual property, advanced technologies and specialised capabilities.

"Today marks an important transition from strategy to implementation. SemiconStart Malaysia represents a collective effort to strengthen pathways for innovation, commercialisation and technology development while supporting Malaysia's ambition to create more homegrown technologies, generate greater intellectual property and build globally competitive semiconductor companies," he said.

He said the true measure of success lies not in the strategies announced, but in the capabilities built, technologies commercialised, investments attracted and opportunities created for future generations of Malaysians.

SemiconStart Malaysia also supports Ministry of Science, Technology and Innovation (MOSTI)’s broader ambition of positioning Malaysia as a high-technology nation by 2030, in line with the National Science, Technology and Innovation Policy 2021-2030, the 10- 10 MySTIE Framework and the National Semiconductor Strategy. This initiative helps create stronger linkages between technological capability, entrepreneurial ambition and market opportunity, while supporting the development of future technologies and industries.

Global semiconductor sales reached approximately US$791.7 billion in 2025 and are expected to continue growing as demand accelerates across artificial intelligence, advanced computing, automotive technologies, telecommunications and industrial applications. As the industry moves towards the US$1 trillion milestone, SemiconStart Malaysia aims to position Malaysian companies to capture greater value through innovation, intellectual property creation and technology commercialisation.

MTDC Chairman, Tan Sri Abd. Rahman Mamat, said SemiconStart Malaysia was developed with a clear objective of supporting the growth of Malaysian semiconductor ventures while strengthening the country's pipeline of technology companies capable of competing in one of the world's most demanding industries.

He said semiconductor innovation requires more than funding, as companies also need specialised expertise, technical validation, industry networks and mentors who understand the realities of bringing semiconductor technologies to market.

He added building a globally competitive semiconductor ecosystem requires sustained collaboration across government, industry, academia and the investment community, and that SemiconStart Malaysia reflects what can be achieved when these stakeholders align behind a shared ambition. He added that the inaugural cohort reflects Malaysia's growing capability to participate more meaningfully in semiconductor innovation and reinforces MTDC's role as the bridge between talent, technology, industry and capital.

The launch also marked the introduction of the inaugural SemiconStart Malaysia cohort comprising ten (10) Malaysian and Malaysia-based semiconductor ventures, namely SkyeChip Semi Sdn. Bhd., GreatAsic Technology Sdn. Bhd., FusionAP Sdn. Bhd., nanoSkunkWorkX Sdn. Bhd., Silicon X Sdn. Bhd., Aphelia Sdn. Bhd., Channel Microsystems Sdn. Bhd., FirstChip Sdn. Bhd., Kirana Semikonduktor Sdn. Bhd., and SMD Compound Sdn. Bhd.

The inaugural cohort reflects strategic areas identified under Malaysia's semiconductor development agenda, including integrated circuit design, advanced materials, advanced packaging, radio-frequency technologies and photonic systems. Participating companies will also be assessed on their commitment to value creation in Malaysia, including intellectual property development and the cultivation of local technical talent.

As the programme owner and implementing agency, MTDC will oversee programme delivery, ecosystem partnerships and stakeholder engagement, while Silicon Catalyst UK contributes its globally recognised semiconductor incubation framework and international network of advisors, investors and industry partners.

The official launch also featured a sharing session on the selection process, a panel discussion titled "Building Malaysia's Next Semiconductor Champions", and presentations by the inaugural cohort companies.

SemiconStart Malaysia supports the broader objectives of the National Semiconductor Strategy, including strengthening domestic innovation capabilities, increasing the creation of Malaysian-owned intellectual property, developing high-skilled talent and fostering the growth of future semiconductor champions capable of competing on the global stage. It also complements MOSTI’s technology sovereignty agenda by supporting Malaysia’s ability to develop, own and commercialise strategic technologies that are critical to longterm national competitiveness.

The launch marks an important milestone in Malaysia's semiconductor journey, translating the aspirations of the National Semiconductor Strategy into tangible action while strengthening the nation's ability to develop homegrown technologies, generate intellectual property and build globally competitive semiconductor companies. For MTDC, the programme reinforces its catalytic role in connecting technology, capital, industry partners and market opportunities to help Malaysian deep-tech companies scale from innovation to commercial growth.

About Malaysian Technology Development Corporation (MTDC)

Established in March 1992, Malaysian Technology Development Corporation Sdn. Bhd. (MTDC) is a wholly owned subsidiary of Khazanah Nasional Berhad and an agency under the Ministry of Science, Technology and Innovation (MOSTI). MTDC plays a strategic role in strengthening Malaysia’s deep technology ecosystem by supporting the progression of technology companies from development to adoption and scale.

As a technology investor and ecosystem enabler, MTDC provides developmental and growth funding through initiatives such as the National Technology and Innovation Sandbox (NTIS), Halal Technology Development Fund (HTDF), Dana Uji Beli MySTI, Dana Mudahcara MySTI, Business Start-up Fund (BSF), Business Growth Fund (BGF) and the MTDC–Tradeview Quantum Fund, a public–private investment initiative to accelerate the growth of high-potential Malaysian technology companies.

MTDC also strengthens companies through capability development and technology adoption platforms including the Centre of 9 Pillars® (Co9P®), Technopreneur Training Academy (TENTRA), and the MySTI ecosystem, facilitating market access and technology adoption across both public and private sectors.

Over more than three decades, MTDC has supported Malaysian technology companies across key sectors including Electrical & Electronics and Semiconductor, Industry 4.0, Healthcare and Life Sciences, Food Security, Green Economy, and Aerospace and Mobility.

Issued by MTDC Corporate Communications Department

SOURCE: Malaysian Technology Development Corporation (MTDC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Munirah Abdullah Sani
Vice President
Corporate Communications Department
Tel: +6019-2687887
Email: munirah@mtdc.com.my

--BERNAMA