PARIS: Sarawak Deputy Premier, Datuk Amar Awang Tengah Ali Hasan led a Sarawak delegation in productive discussions held in Paris with Ardian, a leading global private investment house, to advance Sarawak’s semiconductor industry and green hydrogen initiatives.
Meeting with Ardian’s Hy24 and semiconductor teams, the delegation highlighted Sarawak’s strengths in renewable energy, particularly its potential 20 gigawatt (GW) hydroelectric capacity, and its growing semiconductor ecosystem, supported by state initiatives and partnerships such as the collaboration with CSA Catapult in the United Kingdom.
According to Datuk Amar Awang Tengah, Ardian’s expertise in scaling semiconductor ventures and clean hydrogen infrastructure aligns with Sarawak’s vision to build a diversified, high-value industrial base.
“We see clear opportunities for investment, technology transfer, and ecosystem development that will accelerate our industrial transformation,” he said in a statement on Tuesday.
Key outcomes from the meeting include Ardian’s commitment to conduct further due diligence on Sarawak’s emerging semiconductor ventures as well as green hydrogen downstream activities, with the potential to identify investable companies through follow-up engagements with InvestSarawak.
Both parties also discussed the downstream ecosystem and other opportunities for Sarawak small and medium enterprises (SMEs).
Also present during the meeting were Sarawak Deputy Minister for International Trade, Industry and Investment (MINTRED), Datuk Dr. Malcolm Mussen Lamoh, MINTRED Advisor (SME), Dato Sri Mohd. Naroden Majais, MINTRED Permanent Secretary, Dzulkornain Masron, Permanent Secretary to the Sarawak Ministry of Natural Resources and Urban Development, Datu Abdullah Julaihi, Director of the Economic Planning Unit (EPU) Sarawak, Datu Lester Matthew, Chief Executive Officer of InvestSarawak, Timothy Ong, Chief Investment Officer of Hy24, Amir Sharifi, Director of Ardian Semiconductor Fund, Basile Thodoroff, and other senior Sarawak Government officials. -UKASnews
