We partner with visionary companies reshaping Malaysia’s semiconductor industry.

Fostering lasting partnerships through every stage of growth

Who We Are

BlueChip Venture Fund

BlueChip VC is a specialised fund focused on semiconductors. It will invest in three areas: IC Design, Advanced Packaging, and Equipment.

BlueChip VC was co-founded by veteran semiconductor expert, Dato’ PY Lai, and Tim Chen. BlueChip has a strong management team comprised of semiconductor veterans with deep domain knowledge.

All BlueChip investee companies will be listed on Bursa Malaysia, allowing locals to participate.

our team

BlueChip VC Team

BlueChip VC is a Malaysian specialist venture capital fund dedicated to the semiconductor industry. BlueChip focuses on investments in IC design, advanced packaging, and equipment.

Dato' PY Lai

Co-Founder & Chairman

Tim Chen

Co-founder & Chief Executive Officer

CK Tan

Chief Operating Officer

Introduction to the Next Fund

Growth capital for the high-tech industry

Investment from international companies into Malaysia / SEA with average size of 5 – 20 million USD per investment

IPO within 3-4 years after investment

Profitable exit with reasonable and attractive valuations for targeted companies

What's Happening?

Penang Welcomes Three Foreign Semiconductor Businesses, Strengthens Position in Industry Value Chain

BlueChip Venture Capital joins Khazanah Nasional and KWAP in a RM3,000,000,000 ASEAN investment initiative announced at the KL20 Summit 2024.

The LP’s and Management Team Met with the Chief Minister of Penang

Dialogue with Minister of Science and Technology YB Chang Lih Kang

Dialogue with Deputy Minister of Investment and Trade YB Liew Chin Tong

Dialogue with the leadership at the Chinese Embassy

Penang, Malaysia

The Silicon Valley of the East

Penang, known as the “Silicon Valley of the East,” is a vibrant city in Malaysia that has emerged as a major tech hub in South East Asia. Nestled on the northwest coast of Peninsular Malaysia, Penang stands as a beacon of innovation and economic prowess, particularly in the semiconductor industry.

52 Years of Industrial Development

The extensive experience has cultivated a mature and comprehensive ecosystem that supports all aspects of semiconductor manufacturing, from research and development to assembly and testing.

Contribution To Global Semiconductor Output

Penang accounts for approximately 13% of worldwide assembly and test final products. This substantial market share solidifies Penang’s reputation as a key player in the semiconductor industry, with its products reaching markets across the globe.

Pool of Talented Workforce

One of Penang’s key strengths lies in its pool of highly skilled engineers, cultivated by multinational corporations operating in the region. For instance, Intel alone boasts a workforce of over 6,000 research and development engineers in Greater Penang.

Lower Operational Expenditure

Penang offers a competitive advantage in terms of cost efficiency, particularly in comparison to other major semiconductor hubs like Shanghai and China. The cost of employing engineers in Penang is significantly lower, approximately one-third of the cost in Shanghai and half that of China.

Global Semiconductor Market
Growth Trend ($bn)

CAGR of 7.8% over the past 30 years