PETALING JAYA: The NCT Group of companies has signed a memorandum of understanding (MoU) with Zhejiang Unity Technology Co Ltd from China, marking the first international semiconductor group to invest and establish a presence in the NCT Smart Industrial Park (NSIP).

NCT Group founder and managing director Datuk Seri Yap Ngan Choy said the collaboration presents immense opportunities for both parties, 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 South-East Asia,” he said in a statement.

He added that the strategic collaboration aimed to foster innovation, strengthen industry networks and create opportunities for cross-border business ventures. “We are optimistic about the future of NSIP as its visionary approach is set to pave the way for growth opportunities,” said Yap.