Prime Minister Anwar Ibrahim announced that ARM Holdings Plc will sign an agreement next week to establish operations in Malaysia. The announcement follows discussions with ARM’s CEO and reveals Malaysia’s strategic appeal for foreign investments due to political stability. Anwar highlighted the need for a skilled workforce to support this opportunity.
On February 28, 2023, Prime Minister Datuk Seri Anwar Ibrahim announced that ARM Holdings Plc, a prominent UK semiconductor enterprise, is set to sign an agreement establishing its base in Malaysia next week. The Prime Minister, who also holds the Finance Minister portfolio, disclosed the news following an online discussion with ARM’s CEO, which included Masayoshi Son, CEO of SoftBank Group Corp, a notable Japanese investment firm.
During a ceremony at the Putrajaya Nasi Kandar Restaurant, Anwar emphasized ARM’s global reputation in semiconductor design and manufacturing, expressing gratitude that the company had opted to establish its presence in Malaysia. He attributed these significant investments to the country’s political stability and clearly defined policies shaped by the government.
The Prime Minister further acknowledged the challenges posed by such investments, particularly in assuring the availability of a skilled young workforce to meet the demands of emerging industries. “This is a major test — can we provide tens of thousands of young professionals?” he questioned, underscoring the importance of a skilled talent pool to attract desirable investment opportunities.
In conclusion, the impending agreement with ARM Holdings Plc marks a significant milestone for Malaysia’s investment landscape, showcasing the nation’s appeal as a hub for technology and innovation. However, this development also presents challenges related to workforce preparedness that must be addressed to fully capitalize on the opportunities presented by such foreign investments.
Original Source: www.malaymail.com
