Did the Cabinet approve the ARM chip deal multiple times?

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Cabinet Approved the ARM Chip Deal Multiple Times

The RM1.1 billion microchip deal with ARM Holdings was presented to the Cabinet on three separate occasions before its final approval and signing. This process involved extensive deliberation and negotiation among key government ministries to ensure all aspects of the agreement were thoroughly reviewed. The government's intention was to adhere to the pre-arranged signing date with ARM Holdings.
Deal Presented to Cabinet Three Times

The proposed agreement with ARM Holdings underwent a rigorous review process, being presented to the Cabinet three times. This repeated submission indicates a deliberate and structured approach to approving the significant RM1.1 billion investment. Each presentation allowed for further scrutiny and discussion by the government.
Inter-Ministerial Committee Oversight

A dedicated committee, comprising officials from the Ministry of Economy, Ministry of Investment, Trade and Industry (Miti), and the Ministry of Finance (MOF), was instrumental in the deal's progression. This committee actively participated in negotiations directly with ARM Holdings' leadership, ensuring that the inputs and concerns of all involved ministries were incorporated into the revised agreement. The committee's involvement was at the behest of the Prime Minister, Datuk Seri Anwar Ibrahim, who sought to facilitate the collaboration.
Final Approval to Honour Signing Date

Following the committee's finalisation of the agreement and subsequent discussions among ministry leaders and senior officials, the deal was re-tabled to the Cabinet for a third time. It was subsequently passed, as the government was committed to honouring the signing date that had been agreed upon with ARM Holdings. The agreement itself was officially signed in March 2025.

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Did the Cabinet approve the ARM chip deal multiple times?

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