Putrajaya affirmed it has not “cleared” Singapore-based Megaspeed International Pte Ltd and its Malaysian subsidiary Speedmatrix Sdn Bhd, amid allegations that the entities had re-exported Nvidia AI chips in contravention of US trade sanctions on China.

While the Investment, Trade, and Industry Ministry did not disclose what the two companies were “cleared” of, it said it is working with the Customs Department to establish whether chips brought into Malaysia, if any, were re-exported in accordance with the law.

The ministry's statement today came after news emerged that Jensen Huang, the former CEO of American tech giant Nvidia, was having an affair with a woman suspected of being a Chinese spy and accused of circumventing US sanctions on AI-chip exports to China.