Sarawak Advances Semiconductor Industry and Green Hydrogen Economy with Ardian Partnership
Key Ideas
- Sarawak delegation led by Deputy Premier engages with Ardian's Hy24 and semiconductor teams in Paris to attract investment and accelerate industrial transformation.
- Focus on showcasing Sarawak's strengths in renewable energy and semiconductor ecosystem, emphasizing untapped hydroelectric potential and global partnerships.
- Ardian commits to further due diligence on Sarawak's semiconductor and green hydrogen projects, aiming to identify potential investible companies and support SMEs.
- Discussions highlight the alignment of Ardian's expertise in scaling ventures with Sarawak's vision to build a diversified, high-value industrial base through technology transfer and ecosystem development.
Sarawak is making strides in advancing its semiconductor industry and green hydrogen economy through a recent high-level meeting with Ardian, a global investment powerhouse, in Paris. Led by Deputy Premier Datuk Amar Awang Tengah Ali Hasan, the Sarawak delegation engaged with Ardian's Hy24 and semiconductor teams to attract investment and drive industrial transformation. The discussions emphasized Sarawak's strengths in renewable energy, particularly highlighting its vast untapped hydroelectric potential of 20GW, and the emerging semiconductor ecosystem supported by proactive State-led initiatives and global collaborations, including the partnership with UK-based CSA Catapult. The meeting resulted in Ardian committing to conduct further due diligence on Sarawak's semiconductor and green hydrogen projects, with a focus on identifying potential investible companies through engagements with InvestSarawak. Additionally, discussions revolved around establishing a robust downstream ecosystem to bolster Sarawak's ambitions, with a specific emphasis on expanding opportunities for local small and medium enterprises (SMEs). Deputy Premier Awang Tengah emphasized the alignment between Ardian's expertise in scaling ventures and Sarawak's vision for industrial diversification and high-value growth, foreseeing opportunities for investment, technology transfer, and ecosystem development to propel the State's industrial transformation.
Topics
Green Hydrogen
Renewable Energy
Investment
Semiconductor Industry
Global Partnerships
Industrial Transformation
SMEs
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