Ramli resigned from his cabinet position in mid-2025 after being defeated in an internal election by the prime minister’s daughter for the ruling party's second-highest position. Since then, he has been a vocal critic of the prime minister and also publicly attacked the head of the MACC for abuse of power during a rally in Kuala Lumpur last month. Immediately after this, the former minister alleged that the MACC opened an investigation against him, framing it as a move to politically persecute him. Ramli even said that he will pursue legal action if the investigation does not result in a court case. Alongside scrutiny into Ramli, Digitimes reports that a former Army Chief has also been arrested by MACC.
The MACC investigation is putting Malaysia’s high-tech strategy at risk, especially as this could dampen investor confidence. Despite that, the Economy Ministry reiterated that the Arm deal was a Cabinet policy decision, and that it will move forward despite the investigation. In fact, two companies have reportedly received access to Arm IP, and local chip design capacity will continue growing under the government’s plan. Still, it intends to cooperate with the MACC and provide documents and statements, as needed.
Nvidia sells off final Arm shares, but licensing deals will continue
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/arms-usd250-million-deal-with-malaysia-probed-by-anti-corruption-authorities-usd1-27-million-seized-from-safehouse-of-prominent-politician-former-army-chief-arrested#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.