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Investing.com -- Malaysia has signed a $250 million agreement with British firm Arm Holdings (NASDAQ:ARM), a leading chip designer, to gain access to its advanced technology. The Southeast Asian nation aims to bolster its position in the upstream semiconductor supply chain and transition into high-tech sectors.
The agreement was signed on Wednesday and will span over a decade. In this period, Malaysia will pay SoftBank (TYO:9984) Group-owned Arm for intellectual-property access. The deal encompasses seven compute subsystems and the Arm Flexible Access program.
Traditionally, Malaysia’s semiconductor sector has concentrated on midstream and downstream operations. This new agreement is anticipated to steer the country towards its objective of advanced chip production.
As a part of this collaboration, Arm Holdings has committed to train 10,000 chip engineers. The company will also support the development of semiconductor products designed locally, as stated by Prime Minister Anwar Ibrahim in a speech.
The Prime Minister emphasized that this partnership is a significant step towards achieving Malaysia’s goal of becoming a key player in the high-tech industry.
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