PKFZ set a ban on chip export by Speedmatrix, says free zone chief
Lim Lip Eng says the prohibition was a condition for leasing land to the company, but Speedmatrix Sdn Bhd did not take up the offer.
The chairman of Port Klang Free Zone, Lim Lip Eng, announced that Speedmatrix Sdn Bhd, a company associated with the Nvidia chip controversy, will be prohibited from exporting computer chips without prior approval from authorities. This came after the proposed lease for land in the Port Klang Free Zone was deemed invalid due to the lack of execution within the stipulated period. PKFZ formally informed Speedmatrix about the lapse of the offer and that the proposed lease would not proceed, according to a report by Bernama.
Speedmatrix, incorporated in Malaysia in 2024, is reportedly owned by Singapore-based cloud computing firm Megaspeed International, which has been under intense regulatory scrutiny due to accusations of potential illegal activities involving restricted high-performance AI chips. The New York Times reported that Speedmatrix had received shipments of Nvidia chips from the US.
Lim Lip Eng emphasized that PKFZ had imposed a condition that no export of computer chips would be allowed without prior approval from the relevant authorities as part of the proposed land lease. In light of recent reports involving Speedmatrix, PKFZ reiterated its commitment to combating illegal activities and safeguarding national interests. The free zone is determined to prevent its use for unlawful purposes through thorough due diligence, risk assessments, company background checks, and stringent terms and conditions.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
