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Malaysia Probes Ex-Minister Rafizi Ramli Over $277M Arm Chip Deal

GateNews

2026-05-04 01:01:34

According to Bloomberg, Malaysia’s anti-corruption agency is questioning former economy minister Rafizi Ramli over alleged abuse of power linked to 1.1 billion ringgit (US$277 million) in semiconductor investments involving UK chip design firm Arm. The investigation, which began in February 2025, has taken 22 statements from ministers and senior officials. Arm signed a deal with Malaysia in March 2025 under which the government agreed to pay approximately US$250 million over 10 years for semiconductor licenses.

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