💨 Abstract

Malaysia has agreed to pay Arm Holdings $250 million over 10 years for chip design plans, aiming to produce its own graphics processing unit chips. This is part of Malaysia's plan to create 10 local chip companies with annual revenue of $1.5 to $2 billion each. The move is to meet the growing demand for AI and data centers, and follows billions of dollars in digital investments from tech giants in Malaysia.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖