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Shares Nation doorThe only production partner in Southeast Asia in Southeast Asia of NVIDIA raided one of the company’s subsidiaries by the Malaysian government.
Tuesday, People receiving Because Malaysia’s anti-corruption commission (MACC), as part of a completely belonging investigation, as part of a metal smuggling.
NationGate’s shares decreased by 14% to obtain 1.45 Malaysia ringgit ($ 0.34) on Tuesday. Shares compare the losses back over the rest of the week, but more than 10% of the day from Tuesday.
Thursday, nations declared The raids did not cover any special board members or high administration and said that the company did not expect an important stroke to financial or operations.
In an answer Fortune, A spokesman for NationGate Holdings is an electronic production services company and this crumb metal trade has never been part of any company’s work.
Spokesheron added that the subsidiary of the MACC’s national team is part of a wide range of research in an industry and is a responsible corporate citizen, fully helps the NationGate MACC investigation.
Named Malaysia State News Agency declare On Tuesday, Macc, 950 million Malaysian Ringgiti ($ 223.9 million), near the loss of about the loss of tax revenues, the hermal smuggling synd metal was launched. In the report, preliminary research was reported that these syndicate, which exports these syndicate to India, China and other countries, but they were not exposed to 15% export taxes of their management tax.
Milliongate, in Southeast Asia was 500 in 500 the fastest growing About the company Lucky Sort by Revneue of the largest companies in the region. 2024 sales increased by 720% to 5.3 billion Malware Ringgit ($ 1.6 billion), thanks to the growth of the information calculation segment.
NationGate is the only company of Southeast Asia, which collects high-sought graphics processing units (GPU) in NVIDIA. Nvidia’s GPU is highest in highly effective AI applications.
However, the link to AI Boom and Nvidia is also a risk for grass. At the beginning of March, Malaysia and neighboring Singapore faced the claims to be channel for managed chips to make ways to the United States. It was noted that US officials were interested in whether the DeepSEEK said, Scrappy Chinese AI should not have to start their hands, NVIDIA processors.
Singapore’s Law and House of Household K Shanmugam gossip In March, these servers, which are affected by the US export control, turned out to be sent to Malaysia. Malaysian Trade Minister Tengku Zafrul Abdul Aziz, then the authorities are investigated and promised to take the necessary measures.
Separately, there is Singapore stuffed Three people who have been fraudulent with distorting the end user of computer servers that contain NVIDIA chips.
Monday, Malaysia declared All exports of all exports of high-performance AI plugs will be required to export, and companies must notify the government at least 30 days before sending such devices.
Millgate removed himself from the topic and clarified that he did not participate in any investigation. Again, investors were still investing. NationGate’s shares are more than 40% per annum.
Update on July 19, 2025. This article was updated with a statement from the national team holdings.
