ARM Invests $250M in Malaysia Chip Deal to Boost AI Ecosystem

ARM Invests $250M in Malaysia Chip Deal to Boost AI Ecosystem

Malaysia has become a hotspot for chip manufacturing due to increasing tensions between the U.S. and China, especially around the development of semiconductors used for AI applications. Predictably, tech firms around the world have been looking to diversify their source of chips, and ARM Holdings is now hoping to make the most of this opportunity. Image Credits:Ratcliffe/Bloomberg via Getty Images / Getty Images The SoftBank-backed chipmaker said on Wednesday that it 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. Specifically, the country will buy IP, including seven of ARM’s chip design blueprints, Reuters cited Economy Minister Rafizi Ramli as saying. ARM said the partnership will also see the company training 10,000 engineers in Malaysia on its technology. ARM declined to comment …