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Investing.com -- British chip designer Arm (NASDAQ:ARM) is looking to increase its presence in Southeast Asia as demand for data centers and artificial intelligence continues to grow in the region, according to the Wall Street Journal on Tuesday.
Will Abbey, Arm’s chief commercial officer, described Southeast Asia as "a hotbed of activity" with significant market potential.
"We see Southeast Asia as a hotbed of activity, and we’d like to do more in this region," Abbey told the Wall Street Journal during the Fortune Brainstorm AI Singapore event. "Demand is still growing."
The company is pursuing expansion in the region following its $250 million partnership with Malaysia announced earlier this year, which marked Arm’s first country-level collaboration.
Abbey indicated that Singapore could be next in line for a similar partnership arrangement.
The British chip designer’s strategic focus on Southeast Asia comes as the region experiences increasing investment in data center infrastructure and artificial intelligence technologies.
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