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Malaysia to pay Arm Holdings $250m over 10 years for chip design blueprints

Malaysia to pay Arm Holdings $250m over 10 years for chip design blueprints

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

Malaysia will pay Arm Holdings $250 million over 10 years to acquire the firm’s chip design plans for local manufacturers, the government said on Wednesday as it looks to produce its own chips within the next decade amid an AI boom.

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