Asian tech and chip-related stocks fell Tuesday after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned.

Trump said the U.S. would impose 25% tariffs on goods imported from Canada and Mexico, adding that there was “no room left for Mexico or for Canada” to negotiate an alternative to the tariffs.

Trump also said he would impose an additional 10% tariff on imports from China, having already levied 10% duties that came into effect in February.

Asian tech stocks were also pressured by the near 9% fall in artificial intelligence darling Nvidia‘s shares overnight.

Japanese semiconductor equipment maker Advantest plunged as much as 9%, to its lowest level since last October, while Chipmaker Renesas Electronics lost 6.35%.

Tech investor SoftBank Group dropped 6.25%. The company’s CEO Masayoshi Son plans to borrow $16 billion to invest in artificial intelligence, according to a news report that came out over the weekend.

Over in South Korea, shares in SK Hynix lost as much as 3.26%, while Samsung Electronics bucked the trend to rise nearly 1% following the launch of its Galaxy A series smartphones with AI-powered features.

Chinese AI-linked stocks also fell with Alibaba and Kingsoft Cloud down as much as 2.23% and 8.46% respectively.

Meanwhile, shopping platform Meituan lost 0.62%, electronic vehicle maker BYD plunged 6.60%, Xpeng traded 1.97% lower and Li Auto lost 2.68%.

Chinese tech major Tencent‘s shares were trading 0.91% higher in Hong Kong.

In Taiwan, shares in Taiwan Semiconductor Manufacturing Company lost more than 2% Tuesday, after Trump said the company would invest $100 billion in the U.S. to bolster chip manufacturing. The investment was a “tremendous move by the most powerful company in the world,” Trump said.

Malaysia said it will take “necessary action” against Malaysian companies if they are found to be involved in a fraud case linked to the alleged movement of Nvidia chips from Singapore to China.

That comes after Singapore Law and Home Affairs Minister K Shanmugam reportedly said on Monday that the servers in the fraud case may have contained Nvidia’s artificial intelligence chips which were then sent to Malaysia.

On Feb. 27, Singapore charged three men with fraud, with local broadcaster CNA saying it understood the cases are linked to the alleged movement of Nvidia chips.

“The question is whether Malaysia was a final destination or from Malaysia, it went to somewhere else, which we do not know for certain at this point,” Shanmugam told reporters.

Speaking to CNBC’s “Squawk Box Asia” on Tuesday, Tengku Zafrul Aziz, Malaysia’s minister for investment, trade and industry said the country has no information that data center companies operating in Malaysia are “not using the chips that they are supposed to be using.”

He said such servers are imported by data center companies such as Microsoft, AWS and Google.

Singapore’s Shanmugam had said Nvidia’s chips were embedded in servers supplied by Dell and Supermicro to Singapore-based companies, before they went to Malaysia. He added that “there may have been false representation on the final destination of the servers.”

When asked if Malaysia knew where the servers were now, Zafrul replied, “we don’t know,” adding that Malaysian authorities are discussing with the data center companies and checking if they have gone to the right parties.

“Right now, there’s no such cases in Malaysia to date, and we are investigating if they are. We’ll definitely discuss this with Singapore and well, the companies would then have to be held accountable by the relevant authorities,” he added.

CNA also reported two Singaporeans were charged with criminal conspiracy to commit fraud on a supplier of servers.

Citing charge sheets, CNA said they allegedly made false representations in 2024 that the items would not be transferred to a person other than the “authorized ultimate consignee of end users.”

The charges also come after Reuters reported in late January that the U.S. Commerce Department is looking into whether Chinese AI startup DeepSeek has been using U.S. chips that are not allowed to be shipped to China.

Citing a person familiar with the matter, Reuters said “organized AI chip smuggling to China has been tracked out of countries including Malaysia, Singapore and the United Arab Emirates.”

Zafrul told CNBC that Malaysia will be checking the chips’ destination, but added, “what I can say today [is] the chips are not meant to be in Malaysia in the first place. So the question is, why is it going out of Singapore?”

23andMe‘s special committee of independent directors on Monday rejected CEO Anne Wojcicki’s proposal to take the distressed genetic testing company private.

Wojcicki submitted a proposal to the committee on Sunday, offering to acquire all of the company’s outstanding shares for 41 cents each, according to a filing with the U.S. Securities and Exchange Commission.

The stock plunged 33% on Monday to close at $1.47, down more than 99% from its peak in 2021.

Wojcicki and New Mountain Capital submitted a prior bid in February to take the company private for $2.53 per share. Days later, New Mountain told Wojcicki it was no longer interested in participating in a potential acquisition and would discontinue discussions, the filing said.

23andMe’s special committee said that Wojcicki’s proposal represented an 84% decrease from the prior offer and determined not to go forward, according to a release on Monday.

“The Special Committee has reviewed Ms. Wojcicki’s acquisition proposal in consultation with its financial and legal advisors, and has unanimously determined to reject the proposal,” the directors said.

23andMe didn’t immediately respond to CNBC’s request for comment.

Following a turbulent 2024, 23andMe announced plans in January to explore strategic alternatives, which could include a sale of the company or its assets, a restructuring or a business combination. 

Wojcicki previously submitted a proposal to take the company private for 40 cents per share in July, but it was rejected by the special committee, in part because the members said it lacked committed financing and did not provide a premium to the closing price at the time.

WATCH: The rise and fall of 23andMe