MITI denies clearing Megaspeed, Speedmatrix amid probe into AI chip re-exports
THE government is investigating whether high-performance US artificial intelligence (AI) chips brought into Malaysia by Speedmatrix Sdn Bhd, the local affiliate of Singapore-based Megaspeed International Pte Ltd, were subsequently re-exported in viol...
The Ministry of Investment, Trade and Industry (MITI) is working with the Royal Malaysian Customs Department to investigate allegations that AI chips supplied by Singapore-based Megaspeed International Pte Ltd to local affiliate Speedmatrix Sdn Bhd were re-exported in violation of Malaysian laws. MITI stated it had never cleared either Megaspeed or Speedmatrix, adding that verification visits to Speedmatrix's data centres were routine industry monitoring and not company approvals.
The ministry emphasized that importing AI chips into Malaysia did not require a permit or licence, but re-export, transshipment or transit of high-performance US AI chips from or through Malaysia requires MITI approval since July 2025 under the Strategic Trade Act 2010. MITI is also collaborating with authorities in Singapore and the United States to strengthen safeguards as needed.
The ministry warned against companies misrepresenting their dealings with government agencies, warning that Malaysia would take stern action against any company found to have broken Malaysian law.
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