Malaysia’s Ministry of Investment, Trade and Industry (MITI) said it has never granted any compliance clearance to Singapore company Megaspeed International Pte Ltd or its Malaysian subsidiary, Speedmatrix Sdn Bhd. It is also working with the Royal Malaysian Customs Department to investigate whether artificial intelligence (AI) chips brought into Malaysia have been transshipped to other countries, and whether any such transshipments complied with the law.
In a statement on Friday (13 November), MITI said: “MITI wishes to state that it has never cleared Singapore based Megaspeed International Pte Ltd or its Malaysian affiliate, Speedmatrix Sdn Bhd.”
The statement said Speedmatrix Sdn Bhd is a tenant at data centres in Malaysia. Any checks the ministry had previously conducted on the data centres were part of routine oversight of the data centre industry and did not constitute clearance for the companies concerned.
“Any suggestion otherwise is inaccurate.”
The statement explained that, as a tenant at Malaysian data centres, Speedmatrix Sdn Bhd brings servers and AI chips into Malaysia itself for its business operations. No permit is currently required to bring AI chips into Malaysia.
However, since July 2025, anyone seeking to export, re-export, transship or transport US high-performance AI chips in transit through Malaysia must first apply to MITI for a permit under the Strategic Trade Act 2010. Providing false information to Customs about these goods is also a serious offence under the Customs Act 1967.
Malaysian Prime Minister Anwar Ibrahim and trade minister Johari Abdul Ghani, speaking to reporters about the matter on Friday, both said they had received no requests from the US or Singapore to investigate the company.
Megaspeed International Pte Ltd, a Singapore company linked to Alice Huang, the woman at the centre of an alleged affair involving Jensen Huang, has drawn attention for its large purchases of advanced AI chips from Nvidia. US authorities had previously launched an investigation into whether the company had violated chip export controls.
Corporate records seen by Lianhe Zaobao also show that a Singapore company under Chinese technology giant Alibaba has a financing arrangement with the Malaysian subsidiary of Megaspeed International Pte Ltd.
MITI said it was working with the Royal Malaysian Customs Department to establish whether chips brought into Malaysia had been re-exported to other countries, and whether the transactions complied with the law.
“Malaysia will carry out its own checks independently, in accordance with Malaysian law and based on the evidence available.”
The statement said Malaysia was also working closely with Singapore and US authorities, and was considering further measures to strengthen export controls if necessary. The ministry stressed that while Malaysia would not enforce export controls imposed unilaterally by other countries, all businesses operating in Malaysia should take these restrictions into account in their international operations.
Megaspeed International Pte Ltd said in a statement on Thursday (12 November) that it had engaged a US law firm to conduct a comprehensive inventory of its graphics processing units and independently verify its compliance with US export controls.
