According to the new requirements, companies and individuals should inform the authorities at least 30 days before any operation with these goods if they are not included in the official list of Malaysia’s strategic materials. While this innovation aims to eliminate the gaps in the regulation, the authorities think that these and the likes of chips will be included in the list of strategic goods.
Malaysia stressed that it will not allow export restrictions and attempts to skip illegal trade. Those who violate the risk of harsh legal consequences. In recent months, the country tightened the control over semiconductors under US pressure, which has been trying to limit the supply of key technologies to the development of artificial intelligence to China.
Source: Ferra
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