Malaysia secures ownership of revolutionary chip

PUTRAJAYA: Malaysia yesterday officially acquired ownership of the Malaysian Microchip (MM chip) and also secured the right to design, manufacture and market a chip that will revolutionise the use of technology in everyday life. 

The Government signed an agreement with Japanese R&D company, FEC Inc, to own the next generation radio frequency identification (RFID) chip, with a broad range of applications from fighting forgery to killing cancer cells.