Arm Holdings to Establish Base in Malaysia Next Week, Confirms Anwar Ibrahim
Prime Minister Anwar Ibrahim revealed that Arm Holdings Plc will sign an agreement to establish a base in Malaysia next week. The announcement follows a discussion with Arm’s CEO and SoftBank’s CEO, underlining Malaysia’s political stability as key to attracting foreign investments. Challenges regarding the supply of skilled workforce were noted as essential to the success of such ventures.
PUTRAJAYA (Feb 28): Prime Minister Datuk Seri Anwar Ibrahim announced that next week, Arm Holdings Plc, a prominent semiconductor firm based in the United Kingdom, is expected to finalize an agreement to establish a base in Malaysia. In an online meeting with Arm’s Chief Executive Officer, Anwar was joined by Masayoshi Son, the CEO of SoftBank Group Corp.
During a media briefing following the Malaysia Madani logo placement ceremony, Anwar expressed optimism about the upcoming agreement, stating, “Insya-Allah, we will finalise the agreement next week, and it will be signed.” He noted that Arm Holdings is recognized globally for its capabilities in semiconductor design and manufacturing, expressing gratitude for their choice to base operations in Malaysia, saying, “Alhamdulillah.”
Anwar emphasized that Malaysia’s political stability and clear investment policies are crucial factors attracting such investments. However, he also pointed out the challenges that come with securing a sufficient supply of skilled young professionals to meet the demands of significant investments like that of Arm Holdings.
He remarked, “This is a major test — can we provide tens of thousands of young professionals?” Anwar underscored the necessity of a professional workforce to sustain and attract future investments. Arm Holdings Plc specializes in designing CPU architectures and is headquartered in Cambridge, England.
In summary, Prime Minister Anwar Ibrahim announced that Arm Holdings Plc is set to establish a base in Malaysia, which reflects the country’s political stability and investment-friendly policies. The potential challenges of workforce supply were acknowledged as crucial in the success of such investments. The agreement, to be signed next week, marks an important milestone for Malaysia’s growing semiconductor industry.
Original Source: theedgemalaysia.com
