Hi,
I do not think there is a process for this.
As Gobinath has indicated it might be a combination of Drop Shipment - Inter Company Sales Order and ISTO - Inter Company Stock Transport Order.
Having said that, these might be disjointed processes. I do not think there will be a trigger of two Inter Company Invoices for this from one Process where you create a Sales Order in USA and expect it to generate both Inter Company Billing documents - Europe to USA and Malaysia to Europe.
There are many questions that can come here. If you are interested I can throw some light on the questions.
Thanks.