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监管免责声明。 Nirji Ventures Pte. Ltd. 是一家在新加坡注册成立的运营者主导集团。 Nirji Ventures Pte. Ltd. 未获得 Monetary Authority of Singapore (MAS) 许可,不从事《2001年证券和期货法》或《2001年财务顾问法》规定的受监管活动。 我们不提供投资建议、不从事资本市场产品交易、不招揽投资、不配售证券,也不就资本市场产品发行提供建议。所有服务均以非受监管的战略咨询方式提供。需要受监管服务的客户将被转介至获得适当许可的交易对手。

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市场进入

马来西亚与印度的半导体生态系统:合作创造价值的契机

马来西亚拥有五十年的组装、测试和封装深厚积淀;印度则具备规模化激励措施与设计人才优势。二者可在哪些领域实现优势互补。

Nirji Ventures 研究
4 分钟阅读 阅读2026-10-30Malaysia · India

Contents

  • Executive summary
  • The opportunity and supporting evidence
  • Countries, sectors and participants
  • Potential collaboration models
  • Operating considerations and constraints
  • Practical next steps
  • What remains uncertain
一般信息内容。非投资、法律或税务建议。

Executive summary

Malaysia and India are both building national semiconductor strategies, but from very different starting points. Malaysia has five decades of assembly, test and packaging experience and a dense supplier base in Penang and Kedah. India has a large electronics market, a deep design talent pool and a substantial incentive programme for fabs, display and packaging. In Nirji's view, the most realistic collaboration lies where each country's gap matches the other's strength: packaging know-how, equipment and supplier development, design services and talent mobility.

The opportunity and supporting evidence

Malaysia's position. According to Malaysia's Ministry of Investment, Trade and Industry (MITI), the National Semiconductor Strategy (NSS) launched in May 2024 is structured in three phases. MIDA reported that the first phase aims to attract at least RM500 billion of investment, with domestic investment directed to IC design, advanced packaging and manufacturing equipment, and foreign investment focused on wafer fabs and equipment. The plan also seeks to modernise outsourced assembly and test toward advanced packaging and, in a later phase, to build at least ten Malaysian companies in design and advanced packaging with revenues of RM1 billion or more.

The Prime Minister's NSS speech recalled that Intel opened its first overseas production facility in Malaysia in 1972, and noted that Penang received USD 12.8 billion of foreign direct investment in 2023.

India's position. The Press Information Bureau reported in March 2022 that the Semicon India programme was approved with a total outlay of INR 76,000 crore, with the India Semiconductor Mission (ISM) as nodal agency. ISM states that its fab scheme extends fiscal support of up to 50% of project cost on a pari-passu basis to approved applicants, alongside schemes for display fabs, compound semiconductors and assembly/test (ATMP), and a Design Linked Incentive. ISM also states that its next phase will focus on equipment and materials, design IP, supply chains and R&D centres.

Countries, sectors and participants

•Malaysian OSAT and packaging firms: seeking new demand and advanced-packaging capability.
•Indian ATMP and OSAT projects: that need process know-how, trained technicians and qualified suppliers.
•Equipment and materials suppliers: in either country targeting a second market.
•Design services companies: – India's design workforce and Malaysia's stated ambition to grow local design champions.
•Universities and training institutions: addressing technician and engineer shortages.

Potential collaboration models

These are Nirji's analytical suggestions, not observed transactions:

1.Technical partnerships for ATMP lines – Malaysian operators providing process, quality and yield support to Indian packaging projects under licence or service agreements.
2.Supplier-development alliances – Malaysian tier-two suppliers serving Indian plants, initially from Malaysia and later through local partners.
3.Design-services partnerships – Indian design houses supporting Malaysian chip ventures, or joint teams serving global customers.
4.Talent programmes – structured technician exchanges and joint curricula.

Operating considerations and constraints

•Both countries are courting similar foreign investors; a partner may also be a competitor for the same project.
•Incentives are approval-based. Indian fiscal support depends on scheme appraisal; it is not automatic.
•Qualification cycles in semiconductors are long. Customers must approve new sites and suppliers, which can take many months.
•Export controls, IP protection and technology-transfer terms need early legal review.
•Talent is scarce in both countries for advanced packaging and fab operations.

Practical next steps

1.Map your capability against each country's stated priorities (packaging, equipment, design, materials).
2.Check current scheme status directly with ISM and MIDA – programme terms change.
3.Identify the customer qualification path before committing capital.
4.Start with a scoped technical or supply agreement before considering equity.
5.Build a talent plan alongside the commercial plan.

What remains uncertain

Scheme terms for India's next phase, the pace of Malaysia's NSS implementation, and global demand cycles for trailing-edge and power chips all remain open. Figures cited are targets and outlays, not deployed capital or capital available to any particular applicant.

参考来源

  1. National Semiconductor Strategy – Ministry of Investment, Trade and Industry (Malaysia) (October 2024)
  2. Malaysia aims to woo RM500 bln investments in phase 1 of NSS – MIDA (28 May 2024)
  3. India Semiconductor Mission – India Semiconductor Mission (Checked October 2026)
  4. India Semiconductor Mission – Press Information Bureau (23 March 2022)

计划与政策信息最近核查日期: 2026-10-30

免责声明: 本文仅供一般信息参考。它不构成投资建议、财务建议、法律建议、税务建议,也不构成购买、出售或持有任何证券、投资产品或资产的建议。Nirji Ventures Pte. Ltd. 未获得 Monetary Authority of Singapore (MAS) 的许可,不提供受监管的投资或财务咨询服务。读者在根据本文信息做出任何决定之前,应咨询具有适当资质和执照的专业人士。

作者

Nirji Ventures Research

Nirji Ventures 是一家总部位于新加坡、由运营者主导的集团,连接亚太地区的投资者、创新者、初创企业和成熟企业。通过资本、创业孵化、合资企业、合作伙伴关系与联盟,我们帮助亚洲企业打造业务并拓展国际市场。

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Contents

  • Executive summary
  • The opportunity and supporting evidence
  • Countries, sectors and participants
  • Potential collaboration models
  • Operating considerations and constraints
  • Practical next steps
  • What remains uncertain

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常见问题解答

跳转至一个问题

  • 01马来西亚是否在与印度争夺半导体投资?
  • 02印度为半导体晶圆厂提供哪些支持?
  • 03什么是马来西亚的国家半导体战略?

马来西亚是否在与印度争夺半导体投资?

在某些细分领域确实如此——双方都在争取晶圆厂和封装领域的投资。但双方明确的发展重点存在差异,因此在设计、封装、设备和人才方面实现互补完全可行。

印度为半导体晶圆厂提供哪些支持?

根据印度半导体计划(India Semiconductor Mission),经评估后,晶圆厂计划将以同比例(pari-passu)原则向获批申请人提供最高达项目成本50%的财政支持。

什么是马来西亚的国家半导体战略?

由马来西亚投资、贸易及工业部于2024年5月推出的三阶段计划,旨在第一阶段吸引至少5000亿林吉特的投资。

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