Nvidia's shipments to Singapore make up less than 1% of firm's revenue: Minister

Republic will act against companies that try to evade export controls, says Tan See Leng

- Hariz Baharudin

Products sold by Nvidia to Singapore that were physically delivered here represent less than 1 per cent of the chipmaker's overall revenue.

And the remainder of Nvidia's revenue billed to business entities in Singapore did not involve physical shipments into the country.

Second Minister for Trade and Industry Tan See Leng said this in Parliament on Feb 18.

He was responding to Mr Yip Hon Weng (Yio Chu Kang), Ms Joan Pereira (Tanjong Pagar GRC) and Workers' Party MP Jamus Lim (Sengkang GRC). They had asked questions about US export controls and Singapore's approach to such measures.

Dr Tan said Nvidia's products are mainly deployed here for major enterprises and the Government.

Singapore had come under the spotlight in a US investigation into whether Chinese start-up DeepSeek had circumvented US restrictions on advanced Nvidia chips by buying them from third parties in other countries, including the Republic.

In January, DeepSeek launched a free artificial intelligence (AI) assistant at a fraction of the cost of US models as it uses less data.