No violation of STA 2010 in recent Nvidia case


PETALING JAYA: The Investment, Trade and Industry Ministry (Miti) has maintained that Malaysia did not violate the Strategic Trade Act (STA) 2010 in the recent case involving the alleged shipment of restricted US artificial intelligence (AI) chips, although authorities are still assessing if other laws were breached.

This was in reference to the alleged fraud case involving Nvidia’s sanctioned AI chips, where servers containing the chips were shipped from Singapore to Malaysia through false representation of their final destination.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

CIMB upgraded to AAA in MSCI ESG ratings on stronger sustainability practices
Poultry farmer Hock Soon Capital seeks to raise RM60mil from IPO
Bursa Malaysia continues uptrend at midday
AMS Advanced Material gets Bursa Malaysia's nod for ACE Market listing
Malaysia Airports strengthens China connectivity at KLIA, Tawau to support VM2026
HSS Engineers' associate secures RM22mil EPCC job for data centre in Perak
Oil edges up after Trump backs off tariff threat on Greenland
Guan Huat Seng opens slightly lower at 24 sen in ACE Market debut
Australian dollar scales 15-month high on strong jobs data
Gold dips, stocks lift as Trump walks back Greenland threats

Others Also Read