Malaysia's anti-corruption commission is examining allegations of fraud and corruption in a massive government contract with British semiconductor company Arm Holdings. The investigation involves a $279 million agreement and has already led to questioning of a dozen officials, including a former government minister.
Malaysian corruption investigators announced Wednesday they are examining potential fraud and misconduct related to a massive $279 million government contract with British semiconductor company Arm Holdings.
The Malaysian Anti-Corruption Commission is scrutinizing the 1.1 billion ringgit agreement between the Southeast Asian nation and the chip design firm, according to commission chief Azam Baki during a Wednesday news conference in Kuala Lumpur.
Investigators have already called in a dozen individuals for questioning regarding the Arm Holdings contract, Baki revealed. Those summoned include a former government minister along with officials from Malaysia’s economy ministry and the country’s investment agency.
The corruption commission is examining potential violations including abuse of power, fraudulent activity, and governance failures connected to the semiconductor deal, Baki explained.
“We will investigate this matter in a fair and professional manner,” Baki stated, noting that additional witnesses will be brought in to assist with the ongoing investigation.
The controversial agreement, announced in March 2025, commits Malaysia’s government to paying Arm $250 million over a decade to obtain the company’s semiconductor design blueprints for domestic manufacturers.
Beyond the Arm Holdings probe, authorities are also examining a separate proposed acquisition of IJM Corp by Malaysian business conglomerate Sunway, Baki confirmed.
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