Active but limitedEquity / Private EquityIndirect (via fund / GP)
Khazanah — Dana Impak: Semiconductor & Advanced Mfg
Equity / Private Equity (Strategic Investment)
Strategic equity investments by Khazanah into semiconductor and advanced-manufacturing companies; deal-by-deal, not open application.
Active but government-directed — Actively deploying capital (RM1B allocation, investments in Cambrian Fund / Syntiant confirmed Dec 2024). NOT a direct-apply fund. Access is via Khazanah-backed VC funds (e.g. Cambrian Fund) or MTC Growth Innovation Programme (MGIP) cohort — apply at khazanah.com.my. MTC revenue threshold: RM20M–RM500M.
Financial Parameters
- Total pool / mandate
- RM1 billion mandate (semiconductor & advanced manufacturing)
- Ticket size
- RM20 million – RM200 million+
- Cost of capital
- Equity returns expected; no fixed rate — market-rate or concessional PE IRR (target 8%–15% IRR typical for strategic Malaysian PE)
- Tenure
- 5–10 year investment horizon
- Grace period
- N/A (equity)
- Shariah-compliant
- Both
Focus Areas
- Value chain segments
- IC Design & Embedded SystemsFabrication / FoundryAdvanced Packaging / OSATEquipment Manufacturing / Automation
- Use of proceeds
- R&DCapExTalentCommercialisation
- Company stage
- Growth-stageEstablished / Mid-tier
Eligibility
- Ownership requirement
- Malaysian-incorporated entity; Khazanah-aligned strategic purpose; foreign partnerships considered under NSS
Mid-tier to growth-stage; typically revenue-generating (>RM50M revenue); established operations
Application
- Application cycle
- Selective / deal-by-deal; Khazanah internal investment committee process; no public application
Background
- Example recipients
- Syntiant (MEMS/AI sensors), Carsem (advanced packaging); Khazanah-led consortium
- Notes / source
- Dana Impak framework. Source: Khazanah website Dec 2024, Dealstreet Asia Dec 2025