The Malaysia Semiconductor Industry Association (MSIA), in partnership with the Malaysian Investment Development Authority (MIDA) and supported by the Malaysia External Trade Development Corporation (MATRADE), concluded the Inaugural Semiconductor Investment and Trade Mission (SITM) to the Netherlands.
The mission, led by MSIA president Datuk Seri Wong Siew Hai, included a 22-member delegation featuring representatives from key Malaysian institutions such as MIDA, MATRADE, the Malaysian Embassy in the Netherlands, the Malaysian Dutch Business Council (MDBC), Khazanah Nasional Berhad, and various members of MSIA.
In a statement, MSIA said the mission, centered in Eindhoven—Europe’s leading high-tech hub known as the “Brainport” of the Netherlands—sought to foster strategic economic and industrial partnerships between Malaysia and the Netherlands’ semiconductor sectors.
“Our goal is to strengthen Malaysia’s position in the global semiconductor value chain by fostering strategic partnerships with Dutch companies, thereby enhancing our competitiveness and unlocking new investment opportunities,” Wong said.
“This mission represents a significant milestone in Malaysia’s ongoing efforts to establish itself as a global leader in semiconductor manufacturing. The discussions with Dutch industry leaders will pave the way for technological exchanges, business partnerships, and long-term collaborations,” he added.
Throughout the mission, the delegation engaged in high-level discussions, business forums, matchmaking sessions, factory visits, and informational tours, all aimed at enhancing collaboration and strengthening business ties between the two nations.
MSIA said one of the mission’s key milestones was the signing of a letter of intent (LOI) with Brabantse Ontwikkelings Maatschappij (BOM) to explore mutual opportunities for collaboration.
The LOI sets the stage for deeper collaboration between Malaysia and the Netherlands, ensuring that both parties work together to achieve common goals and address industry challenges.
- The Star