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Malaysia invests 250 million dollars in Arm chip designs to boost semiconductor sector
Malaysia has committed to a $250 million deal over ten years with Arm Holdings for access to seven high-end chip design blueprints, aiming to bolster its semiconductor sector. Economy Minister Rafizi Ramli stated that this initiative will help the country capitalize on the growing global demand for AI and data centers, with plans to establish ten domestic firms generating annual revenues of $1.5 billion to $2 billion each.
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