Malaysia is set to finalize an agreement with UK’s ARM Holdings for the establishment of a semiconductor base, as confirmed by Prime Minister Anwar Ibrahim. This significant investment reflects Malaysia’s political stability and policies aimed at attracting foreign capital. Anwar highlighted challenges pertaining to the creation of a skilled workforce to support this investment.
Prime Minister Datuk Seri Anwar Ibrahim announced that ARM Holdings Plc, a prominent semiconductor firm from the United Kingdom, is set to sign an agreement to establish operations in Malaysia next week. He shared this information following an online discussion with ARM’s CEO, which was also attended by Masayoshi Son, CEO of SoftBank Group Corp. Anwar expressed optimism that the agreement would be finalized and signed shortly thereafter.
During a related event at the Putrajaya Nasi Kandar Restaurant, Prime Minister Anwar emphasized ARM’s global reputation in semiconductor design and manufacturing, stating, “ARM has chosen to base itself in Malaysia, Alhamdulillah.” He credited Malaysia’s political stability and transparent policies as enabling factors for attracting such significant investments.
Anwar also noted that while these investments are beneficial, they pose challenges, particularly in meeting the demand for a skilled workforce. He remarked, “This is a major test — can we provide tens of thousands of young professionals?” He underscored the necessity of cultivating a professional workforce to sustain substantial investments in Malaysia, indicating this as a critical issue for the youth.
In conclusion, Malaysia’s securing of ARM Holdings Plc’s investment represents a significant milestone in the nation’s efforts to attract foreign capital, underpinned by political stability and clear policies. However, this development also calls for a strategic focus on workforce development to ensure that the country can meet the demands of such investments while preparing its youth for professional opportunities in the semiconductor industry.
Original Source: www.malaymail.com
