US EditionPublished • loading... • Updated
Malaysia Anti-Graft Agency Probing Government Deal with Chip Firm Arm Holdings
The Malaysian Anti-Corruption Commission is probing alleged abuse of power and fraud in a $280 million government deal with Arm Holdings, summoning 12 individuals for statements.
- On Wednesday, Malaysia's Anti-Corruption Commission launched an investigation into a 1.1 billion ringgit deal with Arm Holdings, probing alleged corruption and fraud tied to the Malaysian government agreement.
- Malaysia's government agreed in March 2025 to pay Arm $250 million over 10 years, as part of a deal announced last March to boost semiconductor production.
- Investigators have called in 12 witnesses, including a former minister and officials from Malaysia's economy ministry and investment development authority, with Azam Baki saying the probe will be fair and more witnesses called.
- Authorities say the inquiry may have wide-ranging consequences for Malaysia's business and investment climate and the country's international reputation, affecting officials and involved companies.
- The deal was pitched as part of a push to bring Arm Holdings' chip designs and technology to help Malaysia shift into wafer fabrication and integrated circuit design amid its 387.98 billion ringgit semiconductor exports in 2024.
Insights by Ground AI
12 Articles
12 Articles
Malaysia anti-graft agency probing government deal with chip firm Arm Holdings
Malaysia's anti-graft agency said on Wednesday that it is investigating corruption and fraud allegations involving a 1.1 billion ringgit ($279 million) deal between the Malaysian government and British chip firm Arm Holdings .
·United Kingdom
Read Full Article
Malaysia anti-graft agency probes US$280mil government deal with UK chip giant
PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) said Wednesday it was probing alleged abuse of power, fraud and governance issues linked to a 1.11 billion ringgit (US$280 million) deal between the Malaysian government and British chip giant Arm Holdings.
·Malaysia
Read Full Article
Coverage Details
Total News Sources12
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
12%
Factuality
To view factuality data please Upgrade to Premium
