KUALA LUMPUR, Dec 12 (Bernama) -- Bursa Malaysia’s key index closed higher today on bargain hunting, in line with positive investor sentiment across regional markets, consolidating at its highest level in more than two months — a level last seen on Oct 2, 2025. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.42 points, or 0.76 per cent, to 1,637.81, compared with Thursday’s close of 1,625.39. The benchmark index opened 2.83 points lower at 1,622.56, thereafter edged down to an early low of 1,622.03, before staging an uptrend to an intraday high of 1,640.36 in late trading. Market breadth was positive, with gainers trouncing decliners at 743 versus 387. Another 530 counters were unchanged, 1,108 untraded, and 16 suspended. Turnover increased to 3.09 billion units worth RM2.46 billion from 2.99 billion units worth RM2.35 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI ended higher on continued...
Intel, AMD and Texas Instruments are facing a series of lawsuits in Texas accusing them of failing to prevent their chips from ending up in Russian weapons used in attacks against Ukrainian civilians. A Berkshire Hathaway-owned distributor was also named in the filings.
Ukrainian Civilians File Five Lawsuits
The suits, brought by U.S. mass-tort lawyer Mikal Watts and law firm Baker & Hostetler, claim the chipmakers showed “willful ignorance” as restricted components were resold by third parties into Russia and Iran, violating U.S. sanctions.
The lawsuits cite five attacks between 2023 and 2025, involving:
Iranian-made drones containing components linked to Intel and AMD
Russian KH-101 cruise missiles and Iskander ballistic missiles containing U.S.-made chips
“These companies know their chip technology is making its way into Russia,” Watts said at a press conference.
Companies Say They Comply With Sanctions
Intel, AMD and TI did not comment on the suits but have previously stated they:
Fully comply with U.S. export controls
Stopped doing business in Russia after the war began
Have strict compliance and monitoring systems
Texas Instruments previously told Congress it “strongly opposes” the use of its chips in Russian military equipment.
Allegations of Corporate Negligence
The legal filings accuse the companies of:
Domestic corporate negligence
Failing to stop “foreseeable diversions” of chips to Russia and Iran
Allowing components to be incorporated into drones, precision-guided munitions and missiles
Lawyers called the companies “merchants of death”, arguing they made a “farce of U.S. sanctions law”.
Berkshire Hathaway-Owned Mouser Electronics Also Named
The suits identify Mouser Electronics, a distributor owned by Berkshire Hathaway, as allegedly helping route chips to shell companies controlled by Russian proxies.
Mouser and Berkshire did not respond to requests for comment.
Filed in Texas State Court
The cases were filed in Dallas state court, where the companies have major presences. Court docket postings are still pending as filings are processed.
Background: Previous Findings of Sanctions Evasion
A Bloomberg investigation last year found that U.S. export controls have repeatedly failed to stop American-made chips from reaching Russia’s military supply chain.
U.S. officials have warned chipmakers for years to tighten diversion controls.
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