NCT Group of Companies (NCT Group) recently entered into a Memorandum of Understanding (MoU) with Zhejiang Unity Technology Co, Ltd (Zhejiang) marking it the first international semiconductor group to invest and establish a presence in NCT Smart Industrial Park (NSIP).
The MoU represents a pivotal development for NSIP as it further solidifies the industrial park’s position as an attractive destination for foreign investment in the semiconductor industry.
“As a key development in the Integrated Development Region in South Selangor (IDRISS), NSIP’s unique value proposition as Malaysia’s First Certified Managed Industrial Park (MIP) continues to stand out in the region,” it said in a statement today (Nov 22).
Its group managing director Datuk Seri Yap Ngan Choy said the collaboration presents immense opportunities for both companies as it unlocks potential for advancements and mutual growth.
“The semiconductor industry lies at the heart of modern technology, and we firmly believe that NSIP is well-equipped to leverage on these prospects.
“Beyond the positive outcomes for NCT Group, the MoU enables us to contribute to the economic development of Selangor while collectively fostering a thriving semiconductor industry in Southeast Asia.
“Most importantly, Zhejiang’s interest in NSIP showcases our capabilities and the progressive environment cultivated by Selangor to meet the evolving needs of businesses in the era of digitalisation,” he said.
Yap said as NSIP continues to make strides, it solidifies its position as a leading industrial park in Selangor.
“By harnessing the expertise and resources of both NCT Group and Zhejiang, the strategic collaboration aims to foster innovation, strengthen industry networks and create opportunities for cross-border business ventures.
“We are optimistic about the future of NSIP as its approach, coupled with the balanced integration of technology and sustainability, is set to pave the way for growth opportunities for businesses to thrive,” Yap added.
