Daily Market Updates: Malaysia seizes smuggled AI chips worth US$12 million at Kuala Lumpur airport

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Malaysia seizes smuggled AI chips worth US$12 million at Kuala Lumpur airport

Reported · Written up by our desk · North America

Malaysian customs said on Wednesday ⁠that it ⁠had seized about 49.5 ⁠million ringgit (US$12 million) worth of advanced artificial intelligence chips this month, as authorities close in on a syndicate suspected of smuggling high-performance semiconductors through the country’s main airport. Malaysia imposed export controls last year on the movement of advanced AI chips of US origin, following pressure from the United States to stem their flow into China. On October 15, authorities found 30 server...

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SCMP EconomyMalaysia seizes smuggled AI chips worth US$12 million at Kuala Lumpur airport

Global Markets

Malaysia seizes smuggled AI chips worth US$12 million at Kuala Lumpur airport

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