Prime Minister Anwar Ibrahim announced that Arm Holdings Plc will sign an agreement next week to establish a base in Malaysia. This decision follows discussions involving Arm’s CEO and SoftBank’s CEO, highlighting Malaysia’s stability and policy clarity as factors in attracting this investment. The Prime Minister noted the importance of building a skilled workforce to meet future challenges stemming from the investment.
Prime Minister Datuk Seri Anwar Ibrahim has announced that Arm Holdings Plc, a prominent semiconductor company from the United Kingdom, is set to sign an agreement to establish a headquarters in Malaysia next week. This announcement follows an online discussion Anwar had with Arm’s CEO on Friday, in which Masayoshi Son, CEO of SoftBank Group Corp, also participated. Anwar expressed optimism about finalizing the agreement during a media briefing after the launch of the Malaysia Madani logo placement ceremony.
During his remarks at the Sultan Alam Shah School Mosque following Friday prayers, Anwar emphasized that Arm is recognized internationally for its excellence in semiconductor design and manufacturing. He expressed gratitude for Arm’s decision to establish a presence in Malaysia, stating, “Alhamdulillah.” Furthermore, he attributed the attraction of such significant investments to the political stability and clear policies of Malaysia.
Despite the positive impact of foreign investments, Anwar acknowledged the challenges that may arise, particularly in building a qualified young professional workforce. He asserted that this issue is a significant test for the nation, questioning whether Malaysia could provide the necessary talent to meet the demands of such large-scale investments. He highlighted that a professional workforce is crucial for the country’s continued investment appeal.
The anticipated agreement between Arm Holdings Plc and Malaysia signifies a major advancement for the nation in the semiconductor industry, reflecting its commitment to attracting foreign investment. However, it also underscores the necessity for Malaysia to cultivate a skilled workforce capable of supporting such initiatives. The government’s emphasis on stability and clear policies may further enhance the country’s attractiveness to international enterprises.
Original Source: theedgemalaysia.com
