Malaysia denies clearing firms in AI chip re-export probe

Malaysia's Investment, Trade and Industry Ministry said it never cleared Singapore-based Megaspeed International or its Malaysian affiliate Speedmatrix, as it probes possible re-exports of AI chips. The ministry is working with customs to determine if chips imported by the companies were re-exported, and whether transactions complied with Malaysian law. It clarified Speedmatrix was a data centre tenant, and verification visits were routine monitoring, not endorsement. Since July 2025, exporting US AI chips from Malaysia requires a Miti permit under the Strategic Trade Act. Malaysia will conduct independent checks and cooperate with Singapore and US authorities, warning it will not be used to bypass export controls.