Malaysia will invest US$250 million over the next decade with Arm Holdings to develop its AI and semiconductor sectors. The strategic collaboration, launched by Prime Minister Datuk Seri Anwar Ibrahim, aims to create ten chip companies with a target revenue of US$20 billion. The partnership enhances local access to Arm’s technology and expertise, promoting workforce development and strengthening Malaysia’s position in the global technological arena.
Malaysia has announced plans to invest US$250 million over the next decade through a strategic partnership with Arm Holdings Plc. This initiative aims to enhance the artificial intelligence (AI) and semiconductor sectors, enabling the establishment of a new ecosystem. Prime Minister Datuk Seri Anwar Ibrahim will be launching this collaboration, which signifies a crucial step toward creating Malaysia-based semiconductor enterprises.
The collaboration is set to encourage local players to access Arm Holdings’ extensive intellectual property network and facilitate technology transfer. Malaysia seeks to develop approximately ten chip companies, targeting a collective annual revenue of US$20 billion. While the country excels in chip testing and packaging, this partnership marks its initial venture into chip design.
Arm Holdings has established a formidable presence globally, having patented 6,800 innovations and sold over 300 billion Arm-based chips. Tunku Nashrul Abaidah, a spokesperson for the Prime Minister, stated that this collaboration would position Malaysia as a pioneering nation in the technology sector within the region and enhance its semiconductor landscape.
This partnership represents a concerted effort by the Ministry of Investment, Trade and Industry alongside other governmental bodies. It aims to cultivate a skilled workforce in Malaysia and elevate the local technology sector’s competitiveness. The initiatives outlined under this collaboration reflect the government’s commitment to attracting high-value partnerships and fostering investor confidence.
In summary, Malaysia’s strategic collaboration with Arm Holdings is set to invest significantly in the AI and semiconductor industries over the coming decade. This partnership aims to cultivate local chip companies, leverage advanced technology, and train skilled professionals, ultimately positioning Malaysia as a key player in the regional technology landscape. The initiative underscores Malaysia’s ambition to enhance its technology ecosystem and attract global investments.
Original Source: www.bernama.com
