Singapore plays a minor role in Nvidia Corp.’s revenue, according to a senior official, amid U.S. scrutiny over whether Chinese AI startup DeepSeek has obtained Nvidia chips through the country.
Tan See Leng, Singapore’s Second Minister for Trade and Industry, informed lawmakers on Tuesday that the physical delivery of Nvidia products to Singapore accounted for less than 1% of the company’s total revenue in the three months ending in October 2024. He clarified that these shipments were primarily intended for major enterprises and government use.
Although Nvidia reported that 22% of its sales during the August-October period were attributed to Singapore, Tan explained that this figure reflects where customers were billed rather than where products were physically delivered. He noted that global companies often centralize billing in specific locations, which does not necessarily indicate where goods are shipped.
[Singapore Clarifies Its Role in Nvidia Sales Amid U.S. Probe Into DeepSeek’s Chip Acquisitions](https://stockflow.llc/articles/h24gjbc4owcpk0ddj010vcv7)