Prime Minister Anwar Ibrahim announced that ARM Holdings Plc will sign an agreement to establish a base in Malaysia next week. He emphasized the importance of this investment and acknowledged challenges in providing a skilled workforce to support the semiconductor sector.
On February 28, Prime Minister Datuk Seri Anwar Ibrahim announced that ARM Holdings Plc, a prominent UK-based semiconductor firm, is set to sign an agreement establishing operations in Malaysia next week. During a recent online meeting with ARM’s CEO, Anwar was joined by SoftBank Group Corp’s CEO, Masayoshi Son, emphasizing the importance of this investment to Malaysia’s economy.
Anwar expressed optimism regarding the finalization of the agreement, stating, “Insya-Allah, we will finalise the agreement next week, and it will be signed.” He highlighted ARM’s industry-leading position in semiconductor design and manufacturing, celebrating its decision to establish a presence in Malaysia.
He further remarked that Malaysia’s political stability and clear policies have made the country an attractive destination for significant foreign investments. However, the Prime Minister also acknowledged the challenges associated with this progress, specifically the need to cultivate a qualified workforce.
Anwar noted the importance of addressing the demand for skilled professionals, stating, “This is a major test — can we provide tens of thousands of young professionals?” He underlined the necessity of equipping the youth with the required skills to meet industry demands as the nation embraces these new investments.
In summary, the upcoming agreement between ARM Holdings and Malaysia marks a significant investment in the country’s semiconductor industry. Prime Minister Anwar Ibrahim’s discussions with ARM’s leadership underscore Malaysia’s commitment to attracting foreign investment while also raising concerns about developing a skilled workforce to meet industry standards. The successful execution of this agreement could greatly enhance Malaysia’s technological landscape.
Original Source: www.malaymail.com
