PETALING JAYA, Oct 17 (Bernama) — YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI) led the Turun Padang visit to Symmid Corporation Sdn. Bhd.,Petaling Jaya, today. YB Minister was accompanied by YBhg. Datuk Phang Ah Tong, Deputy CEO II, Malaysian Investment Development Authority (MIDA) and other officials from MITI and MIDA.
Symmid Corporation Sdn. Bhd., a Malaysian-based fabless semiconductor design company was established in year 2003. Currently, Symmid employs 88 engineers, of whom 58 are Malaysians with salary range between RM6,000 – RM16,000. The company collaborates with local educational institutes and among their programmes include internship programme with Universiti Putra Malaysia (UPM). The company provides end-to-end Integrated Circuit (IC) design services to fabless design houses, electronics and semiconductor system companies, equipment manufacturers and service providers.
The Turun Padang Programme was part of MITI/MIDA’s efforts to foster engagement with the private sector and obtain views on ways to attract and encourage re-investment by companies. According to YB Dato’ Sri Mustapa Mohamed, “We need to always stay in touch with the companies and gain insights from their experiences and the challenges they faced in growing their operations Malaysia. The feedback we received will help us to fine tune our policies and measures. This regular interaction is important as we are developing a progressive ecosystem to promote investments in the country.”
“The semiconductor industry in Malaysia has moved beyond packaging and testing towards backward integration into IC design, wafer cutting and polishing as well as wafer fabrication. To date, 27 IC design companies are in operation and involved in the activities of development of smart cards, card chips, flash memory products, non-volatile memory, mixed analog & digital design and RF designs,” he added.
“Symmid’s operation is aligned with the aspirations of the Government to encourage high knowledge, high value-added and high income activities. We acknowledge and appreciate the company’s effort in its human capital development programmes.
We are very excited that the company is serious in developing a pipeline of the much needed next generation Malaysian ‘home-grown’ knowledge worker. We also believe that Symmid has provided attractive remuneration packages, and created excitement for their pools of brains to drive consistent growth for the company,” Mustapa said.
SOURCE : Malaysian Investment Development Authority (MIDA)