Is it possible to take the governor chip out of the f150

 

No but a tuner can raise it to where you will know its there

 

The PCM controls the speed limiter. Yes there are aftermarket programmers that can adjust the speed limiter in the PCM.

*Disclaimer: Excessive speeds beyond the tire rating and rating of the vehicle are not recommended. Any speeds above the posted speed limits should be done on a private closed course or track*