Get the latest tech news
ARM to sign $250M chip deal with Malaysia
The SoftBank-backed chipmaker has signed an agreement with the Malaysian government to bolster the country's chip design ecosystem.
As part of the deal, Reuters reports that Malaysia will pay ARM$250 million over 10 years to buy its chip designs and technology for local manufacturers. The Malaysian government said last May that it would set aside at least $5.3 billion in financial support and train 60,000 engineers for its National Semiconductor Strategy (NSS), under which the country will seek to enhance its current infrastructure, develop an advanced chip supply chain, and attract top global clients. In addition, a number of tech giants, including Google, Microsoft and Nvidia have announced billions of dollars in investments in Malaysia since 2023, primarily for data centers, AI development projects and cloud services.
Or read this on TechCrunch