Malaysia is expected to sign an agreement with ARM Holdings Plc next week to establish a semiconductor base in the country. Prime Minister Anwar Ibrahim emphasized the investment’s significance and the necessity of a qualified workforce to support it. He acknowledged the challenges of meeting the demand for young professionals in the industry.
Prime Minister Datuk Seri Anwar Ibrahim announced that ARM Holdings Plc, a prominent UK semiconductor company, will sign an agreement to establish operations in Malaysia next week. Anwar discussed this plan during an online meeting with ARM’s CEO and SoftBank Group Corp CEO Masayoshi Son. Following the announcement, he expressed optimism about finalizing the agreement shortly.
During a previous speaking engagement, Anwar praised ARM as a leader in semiconductor design and manufacturing, noting that its decision to establish a base in Malaysia is a significant achievement. He emphasized that such substantial investments can be attributed to Malaysia’s political stability and clearly defined policies, which create a favorable business environment.
However, Anwar acknowledged potential challenges arising from this influx of investment, particularly regarding the availability of a skilled young workforce. He noted that the country must rise to the challenge of providing tens of thousands of young professionals to meet these demands, underscoring the need for a robust professional workforce in attracting further investments from major companies.
In summary, Malaysia is set to welcome ARM Holdings Plc, a leader in semiconductor design, which confirms the country’s attractiveness for significant investments supported by political stability and clear policies. However, the government must address the challenge of providing a sufficiently skilled workforce to meet industry demands. This development represents a pivotal moment for Malaysia’s technological and economic growth.
Original Source: www.malaymail.com
