News & Reviews:   Trade and Industry

The Ministry of Investment, Trade and Industry (MITI) has assured that the US government’s potential restrictions on Artificial Intelligence (AI) chip exports won’t affect existing data centres in Malaysia. Its Deputy Minister, Liew Chin Tong, said that the Malaysian Government will adopt a wait-and-see approach to assess the potential impact on future arrangements.

Much has been said about Tesla over the past week, including how the company allegedly cancelled its plans to build factories in Southeast Asia, as well as how it’s suffering losses and can’t compete with Chinese EV makers. Now, after MITI Minister Tengku Datuk Seri Zafrul clarified that Tesla never committed to building factories in Malaysia, he revealed that his Ministry will be meeting with Tesla representatives from the US to discuss its investment plans in our country.