No reason to believe DeepSeek obtained chips from Singapore: report

The company said its Singapore shipments were insignificant.

United States-based company Nvidia stated there is no reason to believe that DeepSeek obtained any export-controlled products from Singapore, according to a press release by The Ministry of Trade and Industry (MTI).

This comes after questions arose over whether DeepSeek gained access to Nvidia chips subject to United States export controls through intermediaries in Singapore.

According to Nvidia, Singapore accounts for about 22% of its revenue. However, most shipments associated with Singapore revenue were to locations other than Singapore, and Singapore shipments were insignificant.

The company also explained that many of these customers use their business entities in Singapore to purchase chips for products destined for the US and other Western countries.

“We expect US companies to comply with US export controls and our domestic legislation. Our customs and law enforcement agencies will continue to work closely with their US counterparts,” MTI said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia