Malaysia plans to invest US$250 million with Arm Holdings to enhance its artificial intelligence and semiconductor sectors over the next decade. This partnership aims to foster local chip design, develop a skilled workforce, and position Malaysia as a technology hub in Southeast Asia. The initiative reflects confidence in the current government’s policies and emphasizes collaboration for technological advancement.
KUALA LUMPUR, March 5 (Bernama) — The government of Malaysia has announced plans to invest US$250 million over the next decade in partnership with Arm Holdings Plc to develop a new ecosystem within the artificial intelligence and semiconductor sectors. Prime Minister Datuk Seri Anwar Ibrahim is scheduled to officially launch this collaboration today.
This collaboration aims to facilitate the establishment of the first Malaysia-based semiconductor chip and enhance local access to Arm’s extensive intellectual property and technology expertise. Malaysia’s objective is to foster the growth of up to ten chip companies, targeting combined annual revenues of US$20 billion. While Malaysia is recognized as a significant hub for chip testing and packaging, it has minimal involvement in chip design.
Currently, Arm Holdings holds approximately 6,800 patents, with an additional 2,700 applications pending. It has also seen the sale of over 300 billion Arm-based chips globally. Senior press secretary Tunku Nashrul Abaidah confirmed that this collaboration signifies a historical advance in Malaysia’s technology sector, transforming its AI and semiconductor landscape.
Tunku Nashrul shared that Malaysia will be the first country in Southeast Asia to host an Arm office, positioning the nation strategically in the technology sector. This initiative reflects the Prime Minister’s vision to enhance the national technology ecosystem and elevate Malaysia’s role in the global technology landscape.
Moreover, Tunku Nashrul stated that this partnership will empower Malaysian companies by providing access to advanced semiconductor technology and training for the local workforce. Such developments promise to cultivate a highly skilled workforce, reinforcing Malaysia’s competitive stance in the technology industry.
The initiation of this strategic collaboration is recognized as a testament to global investor confidence in the MADANI Government’s policies and its commitment to fostering high-value collaborations with Malaysia.
In summary, Malaysia’s investment of US$250 million over the next decade through strategic collaboration with Arm Holdings aims to revolutionize the nation’s semiconductor and AI industries. The partnership is expected to foster local innovation, enhance workforce skills, and ensure Malaysia’s competitive positioning as a hub in the ASEAN technology sector. With this move, the government demonstrates its commitment to attract global investments and advance the technological landscape.
Original Source: www.bernama.com
