Singapore accounts for only a very modest portion of Nvidia Corp.’s revenue, according to a senior official, as Washington is looking into whether Chinese AI startup DeepSeek has been securing chips via the Southeast Asian country.

Singapore's Second Minister for Trade and Industry, Tan See Leng, addressed the issue in a statement to lawmakers. According to Tan, while Nvidia reported that 22

He said Nvidia’s products are mainly deployed here for major enterprises and the Government. Read more at straitstimes.com.

The figure highlights the distinction between Nvidia's reported sales and its physical shipments, as a significant portion of the company's transactions in Singapore reflect billing practices rather than product distribution.

Since President Donald Trump won the 2024 election in early November, U.S. stocks rose in anticipation that he will institute pro-business policies. The emergence of the Chinese artificial intelligence chatbot DeepSeek and Trump's tariff proposals threw some wrenches into the works,