MIMOS WELCOMES BUDGET 2026’S COMMITMENT TO INNOVATION-DRIVEN GROWTH AND NATIONAL TECHNOLOGY ADVANCEMENT

MIMOS Berhad fully supports Budget 2026 initiatives, particularly the focus on innovation, technology sovereignty, and talent development, positioning them as key drivers for Malaysia's next phase of growth.

BUKIT JALIL, Oct 13 (Bernama) -- MIMOS Berhad, the National Applied Research and Development (R&D) Centre under the Ministry of Science, Technology and Innovation (MOSTI), expressed its full support for the initiatives announced under Budget 2026, commending the Government’s focus on innovation, technology sovereignty, digital transformation and talent development as key drivers of Malaysia’s next phase of sustainable and inclusive growth.

The increase in total budget allocation, alongside targeted investments in AI, semiconductors, and green and digital technologies, demonstrates the Government’s clear intent to strengthen Malaysia’s innovation economy. While there is a measured reduction in Development Expenditure (DE), the higher Operating Expenditure (OE) will enable the creation of more jobs, nurture new talents, and sustain Malaysia’s innovation ecosystem.

Driving Malaysia’s Innovation Economy

President & Group Chief Executive Officer, Dr Saat Shukri Embong, said the Budget 2026 measures reinforce Malaysia’s position as an innovation-led and technology-empowered economy.

“The Government’s bold emphasis on research, technology commercialisation, and digital capacity-building, including RM5.9 billion for Research, Development, Commercialisation and Innovation (RDCI) and RM2 billion for Sovereign AI Cloud infrastructure, reflects a strong national intent to future-proof our economy.

As the National Applied R&D Centre, MIMOS will continue to bridge scientific discovery with real-world application, ensuring that every innovation developed by Malaysians serves Malaysian industries and communities.”

Dr Saat Shukri added that MIMOS’ initiatives, including the MIMOS Technology Preview (MTP) 2025 held recently in conjunction with its 40th Anniversary, showcased over 25 home-grown technologies spanning semiconductors, advanced electronics, artificial intelligence, green innovation and quantum intelligence, many of which directly align with Budget 2026’s strategic priorities.

Deepening Technology for Industry Transformation

MIMOS Chief Technology Officer, Dr Pannirselvam Kanagaratnam, said the Budget’s continued support for semiconductor excellence, advanced materials, and digital industry upgrading will strengthen Malaysia’s position in the global technology value chain.

“Budget 2026 introduces a RM500 million R&D financing facility for the semiconductor industry and new initiatives like the National Semiconductor Strategy and SemiconStart incubator, aimed at accelerating local design and fabrication capabilities.

From smart manufacturing and data-driven solutions to sustainable energy and advanced materials, the Budget provides opportunities to accelerate technology adoption among local industries. MIMOS will continue working with MOSTI and industry partners to translate deep-tech R&D into market-ready, high-impact solutions.”

Strengthening Commercialisation and Industry Linkages

Chief Strategy Officer, Ramesh Kumar Nadarajah, noted that Budget 2026’s public- private partnership approach provides a solid framework for co-development, commercialisation, and foreign investment in deep tech sectors.

“Innovation thrives where ideas meet industry. The allocation of RM200 million for Strategic Co-Investment Funds and RM750 million for venture and startup financing opens up new avenues for collaboration, giving industry players a stronger competitive edge and enhancing Malaysia’s attractiveness to global investors.”

Razman Jaafar, Chief Commercial Officer of MIMOS, emphasised that the Budget underscores the nation’s commitment to advancing homegrown technologies and industrial competitiveness.

“The measures to enhance market access, streamline trade and regulatory frameworks, and strengthen SME capabilities are timely in driving sustainable growth. MIMOS stands ready to scale its commercialisation pipeline, forge strategic partnerships, and convert R&D outcomes into impactful technologies, employment opportunities, and long-term national value.”

Building a Future-Ready Workforce

Chief Operating Officer, Abdul Rashdee Abdul Kadir, emphasised that operational excellence and execution discipline are key to maximising the impact of Government investments in technology.

“Operational agility and efficiency are essential to ensure that every ringgit invested in R&D delivers measurable socio-economic returns. Budget 2026 reinforces MIMOS’ commitment to good governance, high-performance execution and value creation.”

Nurezmy A. Majid, Group Chief of Staff, said, “Budget 2026’s strong emphasis on upskilling, reskilling and talent development, particularly in high-tech and innovation- driven sectors such as AI, semiconductors, and digital technologies, is timely and aligned with MIMOS’ continuous talent-building agenda. Through MIMOS Academy, we are committed to delivering reskilling and upskilling programmes in advanced technologies while partnering with industry and academia to nurture the next generation of innovators and researchers.

With RM7.9 billion allocated for TVET and RM3 billion through HRD Corp for training, the Budget clearly underscores Malaysia’s commitment to developing talent for the innovation economy. MIMOS is proud to support this visionary agenda by expanding opportunities for Malaysians to master cutting-edge digital and technology skills that will drive innovation and elevate national competitiveness.”

Looking Ahead

MIMOS believes that Budget 2026, the first under the 13th Malaysia Plan (2026– 2030), lays a robust foundation for Malaysia’s aspiration to become a globally competitive digital and deep-tech nation. MIMOS will continue to serve as a strategic enabler of advanced technology, innovation policy, and talent growth, working closely with MOSTI and national stakeholders to drive an inclusive, sustainable, and innovation-powered future.

About MIMOS Berhad

MIMOS is a strategic agency under the Ministry of Science, Technology and Innovation (MOSTI) and Malaysia’s premier innovation centre in semiconductors, microelectronics, and ICT technologies. It contributes to Malaysia’s socio-economic growth through patentable technology platforms, products, and solutions that strengthen the nation’s deep-tech capabilities.

Since its inception, MIMOS has filed over 1,400 patents across multiple technology domains and key socio-economic areas, advancing Malaysia’s digital transformation into the international arena.

As a centre of research excellence, MIMOS’ R&D activities currently focus on Semiconductor & Thin Film Research, Advanced Electronics & Embedded Systems, and Manufacturing & Smart Nation Technologies. MIMOS continues to enhance its collaborations with strategic partners, explore new global opportunities, and foster a technopreneurship and innovation culture that embodies trust, creativity, and high performance.

For more information, please visit www.mimos.my.

SOURCE: ​MIMOS Berhad

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--BERNAMA