Image: ellinnur/Envato Elements With an eye toward boosting Malaysia beyond chip assembly and into more lucrative semiconductor production, Arm Holdings Plc will provide the Southeast Asian country with chip designs and technology. The Malaysian government will pay the Softbank Group-owned Arm $250 million over a 10-year period for semiconductor-related licenses and access to intellectual property. Deal includes training 10,000 chip engineers The plan is to enable Malaysian companies to design their own chips with the goal of exporting $1.2 billion in semiconductors by 2030. Malaysia’s semiconductor industry has traditionally focused on midstream and downstream operations. The terms of the deal include Arm training 10,000 chip engineers and providing support toward the development of locally designed semiconductor products, Prime Minister Anwar Ibrahim said in a speech. Arm will open its first Southeast Asian office in Kuala Lumpur to enhance its regional presence, including in Australia and New Zealand, according to Ibrahim. See: Boosting R&D Could Lift Australia’s GDP by 3%, Report Finds More about Innovation Shifting focus to build ‘the whole ecosystem’ Malaysia joins an increasing …