AiSEM@Selangor 2026 Targets Six Semiconductor Firms For IPO By 2030
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Oct 17 (Bernama) -- The Artificial Intelligence (AI) and Semiconductor Summit 2026 (AiSEM@Selangor), one of the flagship components of the Selangor International Business Summit (SIBS) 2026, aims to support the growth of semiconductor and integrated circuit (IC) companies, with six firms in the pipeline to go public by 2030, said the Selangor Information Technology and Digital Economy Corporation (Sidec).
Sidec chief executive officer Yong Kai Ping said the target aligned with the National Semiconductor Strategy (NSS), which targets to develop 10 companies of similar scale by 2030, with Main Market-listed SkyeChip Bhd currently valued at around RM3 billion.
“Our target has always been to list our semiconductor and IC company. Our goal is to have 10 companies of similar scale by 2030,” he told Bernama on the sidelines of AiSEM@Selangor here today.
Yong said Sidec would also continue to focus on three key areas, talent development, funding, and business matching, to strengthen the semiconductor ecosystem and help companies scale up their operations.
He said the industry currently had about 10,000 job vacancies, highlighting the need to develop more talent to meet demand.
To address the industry’s talent needs, Sidec plans to launch Phase Three of its IC Park programme and train 1,000 engineers annually from next year, aiming for 3,000 engineers by 2030.
Sidec spearheads the Malaysia Semiconductor IC Design Parks to support the local semiconductor industry, with Park 1 in Puchong, Selangor focusing on chip design and software development.
Meanwhile, Park 2 in Cyberjaya specialises in hardware testing, validation and talent development.
Yong also said AiSEM@Selangor is expected to attract more than 20,000 visitors, including 8,000 students who will have the opportunity to explore career prospects in the industry.
The summit, which brings together about 50 companies from Malaysia and overseas, also provides opportunities for businesses to explore partnerships, financing and technologies that can be applied across industries.
The 11th edition of AiSEM@Selangor is being held from Oct 14 to 17 at the Kuala Lumpur Convention Centre (KLCC) and Grand Hyatt Kuala Lumpur. It is a key component of the Selangor International Business Summit (SIBS) 2026.
Meanwhile, AFFIN Group, a strategic main sponsor, financial partner and key collaborator with Sidec for almost eight years, continues to support small and medium enterprises (SMEs), startups and digital transformation in Malaysia.
Affin Hwang Investment Bank Bhd chief executive officer Hanif Ghulam Mohammed said the bank had long supported Malaysian small and medium enterprises (SMEs) and entrepreneurs, helping them grow from the early stages into large-scale businesses.
“At Sidec, we have been partnering with them for years because we believe in nurturing the entire ecosystem for SMEs and entrepreneurs. It is not just about providing financing, but also about providing them with the ecosystem,” he said.
Hanif said AFFIN Group offers a comprehensive range of solutions to support businesses at different stages of growth, from financing, trade facilities, and foreign exchange solutions to corporate advisory and capital markets, including initial public offerings (IPOs).
He said a collective effort involving the government, Sidec and banks was needed to help businesses become sustainable and grow into global champions, including in the semiconductor industry, while maintaining strong roots in Malaysia.
-- BERNAMA