Malaysia Welcomes ARM Holdings Investment with Upcoming Agreement Confirmation

Prime Minister Datuk Seri Anwar Ibrahim has announced that ARM Holdings Plc will soon sign an agreement to establish a base in Malaysia, facilitated by discussions with major investors including SoftBank’s CEO. He praised ARM’s contributions to semiconductor technology while acknowledging the need for a skilled workforce to support these investments.

PUTRAJAYA, Feb 28 — Prime Minister Datuk Seri Anwar Ibrahim confirmed that ARM Holdings Plc, a prominent UK semiconductor firm, is set to finalize an agreement to establish a base in Malaysia next week. In a discussion with ARM’s CEO, he noted the significant participation of Masayoshi Son, CEO of SoftBank Group Corp, a major Japanese investment firm. Anwar expressed optimism about officially signing the agreement following the Malaysia Madani Logo Placement Ceremony at a local restaurant.

During a speech after Friday prayers, Anwar emphasized ARM’s esteemed reputation in semiconductor design and manufacturing, expressing gratitude for their decision to establish operations in Malaysia. He attributed this investment opportunity to the nation’s political stability and transparent policies. However, the Prime Minister also acknowledged the challenges ahead, specifically the need to cultivate a professional workforce capable of meeting the demands of such investments.

Anwar articulated concerns regarding the recruitment of tens of thousands of young professionals necessary to support these new ventures. “This is a major test — can we provide tens of thousands of young professionals? This is a challenge for the youth. A professional workforce is essential when we attract significant investments,” he pointed out. ARM Holdings Plc, headquartered in Cambridge, England, specializes in designing CPU architectures that utilize the ARM instruction set.

In conclusion, ARM Holdings Plc is poised to make a significant investment in Malaysia, highlighting the nation’s political stability and investment-friendly policies. Prime Minister Anwar Ibrahim has recognized the opportunity this presents, as well as the critical challenge of developing a skilled young workforce to sustain such investments.

Original Source: www.malaymail.com