MITI: Megaspeed And Speedmatrix Was Never Given The All Clear In Malaysia

The Malaysia Ministry of Investment, Trade and Industry (MITI) declared that it never provided clearance for Megaspeed International Pte Ltd (Megaspeed) or its Malaysian partner, Speedmatrix. The company Speedmatrix was known to operate as a tenant at datacenters within Malaysia, and any inspections of these facilities during the investigation were part of MITI's regular sector monitoring, but should not be interpreted as granting clearance to the companies involved.

Malaysia's authorities will conduct their own assessments, following local laws and based on the evidence at hand. MITI is collaborating with the Royal Malaysian Customs Department to investigate whether any AI chips brought into the country via Speedmatrix were subsequently exported to other nations, and if this occurred, whether they complied with Malaysian regulations.

It is noteworthy that importing servers and AI chips in Malaysia does not necessitate a permit. Nonetheless, since July 2025, a Strategic Trade Act 2010 permit has been mandatory for any company wishing to export, re-export, transship, or transit high-performance U.S. AI chips through Malaysia's borders. Non-disclosure of information related to such exports constitutes an offense under the Customs Act 1967.

MITI, however, acknowledges that while it does not enforce unilateral export controls set by other countries, it expects local firms to self-regulate these regulations. The saga began when former NVIDIA CEO and President, Jensen Huang, publicly acknowledged having an affair with Speedmatrix's CEO, Alice Huang, who is suspected to be a Chinese spy operating for Beijing's Ministry of State Security (MSS), a claim that China has denied.

Following Jensen's resignation from NVIDIA, Alice Huang has been prohibited from reentering Singapore and has also been expelled from Taiwan, a nation with stringent laws regarding Chinese nationals attempting to enter.