Malaysia and Singapore jointly investigate AI chip export violations; U.S. Commerce Secretary simultaneously questioned amid probe

November 13 - According to reports from Reuters and multiple media outlets, Malaysia's Ministry of Trade stated today that it is working with customs authorities to verify whether chips brought into the country by SpeedMatrix, the Malaysian subsidiary of Singapore cloud computing company Megaspeed, have been re-exported to other countries and whether such re-exports comply with the law.

On another front, Singapore has since yesterday charged the fifth suspect in the related case: 34-year-old Shi Bingzhe faces 41 charges. He is alleged to have concealed end-user information when procuring Dell, Supermicro, and ASUS servers, and to have transshipped the equipment to Malaysia.

Additionally, U.S. Commerce Secretary Lutnick has formally agreed to testify before the Senate on December 10 regarding chip flows, export controls, and national security issues.

Some market analysts noted that SMIC may be a direct beneficiary of the related events. On the 12th, SMIC's Q3 2026 financial report showed that the company's revenue share from China rose to 90.8% (approximately 90.2% in the previous quarter and 86.2% in the same period last year), while the U.S. share dropped to 7.8%.