Preheat oven to 375°F and line baking sheets with parchment paper.
In a medium bowl, whisk together flour, malted milk powder, baking soda, and salt.
In a large bowl, beat butter, granulated sugar, and brown sugar until light and fluffy, about 3 minutes.
Add eggs and vanilla extract to the butter mixture and beat until well combined.
Gradually mix in the dry ingredients until just combined, then fold in chocolate chips.
Drop rounded tablespoons of dough onto prepared baking sheets, spacing 2 inches apart.
Bake for 10-12 minutes until edges are golden but centers still look slightly underdone.
Cool on baking sheets for 5 minutes before transferring to a wire rack to cool completely.