SoftBank Group's (TYO:9984) British semiconductor unit Arm Holdings will supply Malaysia with chip designs and technology over the next ten years, according to a Wednesday statement.

Malaysia, which packages about 10% of global semiconductors, will pay Arm $250 million for various semiconductor licenses and expertise.

This initiative aims to enhance Malaysia's local chip design and boost semiconductor exports to 1.2 trillion ringgit by 2030.

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