Selangor is aiming to help six semiconductor and integrated circuit (IC) companies prepare for public listings by 2030, as the state pushes to develop more homegrown technology businesses. The update was reported by Bernama on 17 October 2026 following the AI and Semiconductor Summit 2026.
Key Highlights
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IPO target: Six semiconductor companies are in the pipeline to go public by 2030.
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Industry demand: The sector has around 10,000 job vacancies, according to Selangor Information Technology and Digital Economy Corporation (Sidec).
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Talent development: Sidec plans to train 1,000 engineers annually from 2027, with a target of 3,000 engineers by 2030.
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Business support: The initiative focuses on talent development, funding and business matching.
Why Puchong Matters
Puchong is directly involved in Selangor’s semiconductor strategy through Malaysia Semiconductor IC Design Park — Park 1, which focuses on chip design and software development. The second park, in Cyberjaya, specialises in hardware testing, validation and talent development.
The plan could help strengthen Puchong’s position in the technology sector if more companies scale up their operations. It may also create opportunities for local businesses that provide software services, engineering support, recruitment, training and other business services.
However, the IPO target is a longer-term ambition, not a guarantee that all six companies will list by 2030.
What This Means for Local Businesses
For Puchong entrepreneurs and SMEs, the growing semiconductor ecosystem may create opportunities to supply services to technology companies or develop partnerships with firms entering the sector.
Businesses may also want to watch for future funding programmes, industry networking events and technical training initiatives.
Discussion: Do you think Puchong has the potential to become a major technology business hub in Selangor? What support would help local SMEs benefit from semiconductor industry growth?
Source: bernama
Published Date: 2026-10-20T01:25:00Z