Oppstar Secures MIDA-backed ARM Access Token for AI Chip Design Project; Shares Rally 10%

MT Newswires Live05-26 13:30

Oppstar (KLSE:OPPSTAR) wholly-owned subsidiary, Oppstar Technology, has executed an access token agreement with the Malaysian Investment Development Authority (MIDA), according to a Monday bourse filing.

The agreement formalizes the company's access to ARM Limited's Flexible Access (AFA) Token - Entry Tier under a strategic government-linked cooperation program.

Shares jumped over 10% in recent trade.

The arrangement grants Oppstar access to advanced ARM architecture and software design tools to support front-end engineering research, including development tied to an AI-focused system-on-chip initiative.

The deal has a term of one year, it said.

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