In response to rumors that intermediaries in Singapore were involved in the illegal movement of Nvidia chips to China, Singapore stated on Saturday ( Feb 1 ) that it expects US companies to abide by both US and Singapore laws.
Following reports that DeepSeek, the Chinese firm whose AI model’s performance rocked the digital world, had been using advanced chips that are not permitted to get shipped to China, the US Commerce Department was said to be looking into the matter.
According to Nvidia’s most recent monthly statement, Singapore accounts for about 22 % of its profits. Additionally, according to the business, “most shipments to areas other than Singapore were unimportant,” according to the company.
Nvidia claimed earlier this week that Singapore’s income did not suggest any potential distraction to China.
” Our common filings report ‘ bill to ‘ no ‘ ship to ‘ areas of our clients. Many of our clients have business interests in Singapore, which they use to make products for the United States and the West, according to the business.
SINGAPORE’S Comment
In a statement on Saturday, Singapore’s Ministry of Trade and Industry ( MTI ) repeated Nvidia’s statement and , stated the country’s position as an international business hub.
” Major US and Western firms have major operations here,” according to MTI.
” Nvidia has even stated that there is no cause to believe that DeepSeek obtained any export-controlled goods from Singapore,” Nvidia added.
The government said it expects US companies to agree with , US export controls and Singapore’s rules, adding that Singapore ‘s , traditions and law enforcement agencies may continue to work strongly with their US counterparts.
” We have often upheld the rule of law, and we have taken decisive and steadfast measures against people and businesses who break the rules,” said MTI.