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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The SoftBank-backed chipmaker has signed an agreement with the Malaysian government to bolster the country's chip design ecosystem.

Arm Holdings Plc has agreed to provide chip designs and technology to Malaysia over the next decade, to help catapult the Southeast Asian country beyond chip assembly and into more valuable semiconductor production.

Malaysia hopes its Arm deal will help foster 10 local chip companies with annual revenue between $1.5 billion to $2 billion each.

Malaysia's partnership with United Kingdom-based Arm Holdings Plc (ARM) will help to elevate Malaysia into a high-value economy, igniting the front-end semiconductor ecosystem while fostering growth of local semiconductor firms over the long term.

The country wants to scale up the tech value chain beyond manufacturing to acquire advanced semiconductor intellectual property.

British chip giant Arm Holdings signed an agreement with Malaysia on Wednesday (Mar 5) to bolster the Southeast Asian country's efforts to produce high-end semiconductors amid the US-Chi

Malaysia will pay Arm Holdings $250 million over 10 years to acquire the firm's chip design plans for local manufacturers, the economy minister told Bloomberg TV on Wednesday. The Southeast Asian nation plans to produce its own graphics processing unit chips in the next five to 10 years as demand for artificial intelligence and data centres grows.