Miti clarifies that Jatronics is not a chip manufacturer but a trading company

The Investment, Trade and Industry Ministry has clarified that the Malaysian company facing US sanctions over allegedly supplying parts to Russia’s army is not a manufacturer of semiconductors but a trader.

Jatronics Sdn Bhd is a company that provides fabrication and semiconductor products.

Miti, in a press release on Wednesday (5 June), stressed that trade management is enforced by the country through the Strategic Trade Act 2010 (STA), which regulates export, transit and transshipment of strategic items with potential military application, as well as brokering.

It said: “Based on the records, Jatronics has not applied for an export permit and is not registered under STA (for such activities).

Malaysia also adheres to the UN Security Council Resolutions and multilateral sanctions, including the list of restricted or prohibited users.

The ministry said that “Russia is not listed under STA because it has not been included in UNSCR.”

Amir Hamzah Azizan, Finance Minister II, said that Jatronics was a trading firm and not a semiconductor manufacturer on Tuesday (4th June).

He was responding to an Al Jazeera story that Jatronics, a Malaysian company, was one of nearly 300 entities sanctioned by Washington last month for their alleged links with Russia’s weapons suppliers.

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