Malaysia's trade ministry says Megaspeed and Speedmatrix are not cleared

Ministry corrects its own minister

Malaysia's Ministry of Investment, Trade and Industry (MITI) said on Friday, 13 November 2026, that it has not cleared the data-centre company Megaspeed or its local unit Speedmatrix of any irregularity. The ministry said claims that Speedmatrix had been exonerated were incorrect.

MITI said it is working with customs officials to establish whether Nvidia AI chips brought into Malaysia were later sent to other countries in violation of the law. It said its visits to the company's facilities were part of routine checks and did not mean the company had been cleared.

The statement came three days after Trade Minister Johari Abdul Ghani said Speedmatrix was not under investigation. According to the minister, there was no solid evidence against the company and no official request from another country.

What the company does

Speedmatrix rents space in Malaysian data centres, where it installs its own servers and AI chips, according to Reuters. Megaspeed is the parent data-centre business named in the ministry's statement.

Importing AI chips into Malaysia does not require a licence, according to the report. The rules bite on re-export, which is the question MITI and customs are now examining.

What is still open

The ministry did not say what its checks have found so far, and no timeline for a conclusion was given. It also did not say which countries the chips may have been sent to, or whether any shipment has been identified.

Megaspeed and Speedmatrix have not commented in the reports available. Whether the minister's earlier statement will be formally revised was not stated.