Ministry never cleared Megaspeed, Speedmatrix, says data centre visits part of routine monitoring

Any verification visits the ministry conducted at these facilities were part of its regular monitoring of the data centre sector and should not be taken to mean a company had been cleared.

13 Nov 2026 11:58am
The Investment, Trade and Industry Ministry (MITI) has never cleared Singapore-based Megaspeed International Pte Ltd or its Malaysian affiliate, Speedmatrix Sdn Bhd, with visits to data centres forming part of its routine monitoring.
The Investment, Trade and Industry Ministry (MITI) has never cleared Singapore-based Megaspeed International Pte Ltd or its Malaysian affiliate, Speedmatrix Sdn Bhd, with visits to data centres forming part of its routine monitoring.

KUALA LUMPUR - The Investment, Trade and Industry Ministry (MITI) has never cleared Singapore-based Megaspeed International Pte Ltd or its Malaysian affiliate, Speedmatrix Sdn Bhd, with visits to data centres forming part of its routine monitoring.

In a statement today, MITI said any verification visits the ministry conducted at these facilities were part of its regular monitoring of the data centre sector and should not be taken to mean a company had been cleared.

"Any suggestion otherwise is inaccurate.

"As a data centre tenant in Malaysia, Speedmatrix brings its own servers and artificial intelligence (AI) chips into the country for its operations, and bringing AI chips into Malaysia does not currently require a permit or licence,” it added. - BERNAMA

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