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Danantara, Arm Limited sign agreement to bolster chip industry

Amman, Jordan (ANTARA) – President Prabowo Subianto witnessed the signing of a framework agreement between Indonesia’s sovereign wealth fund, Danantara, and Arm Limited in London on Monday, which seeks to develop and bolster the country’s semiconductor industry.Danantara was represented by its CEO, Rosan Roeslani, who is also the Minister of Investment and Downstreaming. Several ministers, including Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia, Coordinating Minister for Economic Affairs Airlangga Hartarto, and Cabinet Secretary Teddy Indra Wijaya, also witnessed the signing of the framework agreement.Minister Hartarto stated that the partnership is a continuation of President Prabowo's directive to promote self-reliance in national technology, aligning with the government’s efforts to strengthen food and energy security in Indonesia.”This is a leapfrog for the digital ecosystem,” he remarked in a statement.The British firm Arm Limited was chosen by Danantara as a partner given its leading share of roughly 96 percent in automotive chip technology and nearly 94 percent in chip design for data centers and AI applications.”This collaboration helps Indonesia to master semiconductor technology, and Arm is one of the companies that dominates the semiconductor market, especially in terms of design. This is the most upstream sector in the semiconductor industry,” Hartarto explained.He noted that the Danantara-Arm Limited framework agreement is expected to form the basis for training 15,000 Indonesian engineers within the Arm ecosystem.”[The goal] is for them to master chip design technology, and the collaboration is planned to continue to the next generation of semiconductors or chips, enabling Indonesia to develop capabilities in the semiconductor and design sectors,” he continued.On the same occasion, Danantara CEO Rosan Roeslani expressed his hope that the partnership would have an impact on the development of national industry while strengthening Indonesia's technological sovereignty.According to him, this collaboration includes sending experts abroad or bringing Arm experts directly to Indonesia with specialized training modules.”Six industries will be selected for the development of this chip, and the plan, as stated before, is to send our 15,000 engineers to be trained by Arm, either by sending them here or by having their instructors come to Indonesia with the modules,” he noted.