The Investment, Trade and Industry Ministry has yet to launch an investigation into Speedmatrix Sdn Bhd, the Malaysian subsidiary of a Singaporean company accused of helping circumvent US restrictions on artificial intelligence (AI) chip exports to China.

Investment, Trade and Industry Minister Datuk Seri Johari Ghani said the ministry had not received any evidence indicating that Speedmatrix had breached Malaysian laws.

Nevertheless, Johari stressed that Malaysia would not tolerate any attempt to use the country as a transit point to bypass international export controls.

“The government will not hesitate to act firmly against any company found to have violated Malaysian law.