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DeepSeek GPU smuggling probe shows Nvidia's Singapore GPU sales are 28% of its revenue, but only 1% are delivered to the country: Report
Is Singapore being used for transshipment of banned AI chips to China?
He then added, “It is common practice for global entities to centralize the billing for procured goods and services in their hubs, but this is separate from where the products are shipped to so far from our checks.” This is despite reports saying Singapore accounts for nearly 28% of Nvidia’s revenue for 2024. That means a company based in Singapore could order chips from Nvidia, with their billing address marked as such, but have them delivered to another country. In fact, Nvidia itself has long said [ PDF], "Revenue by geographic area is based upon the billing location of the customer.
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