Two Singaporeans – Aaron Woon Guo Jie, 41, and Alan Wei Zhaolun, 49 – were charged with criminal conspiracy to commit fraud on a supplier of servers. They allegedly made false representations in 2024 that the items would not be transferred to a person other than the "authorised ultimate consignee of end users", charge sheets stated.
SINGAPORE - Three men were charged with fraud on Feb 27 in a case allegedly linked to chipmaker Nvidia. This was after Singapore came 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.
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.
A senior government official in Singapore said that only a fraction of Nvidia’s sales in the country actually make it into the country. Bloomberg said that Singapore's Second Minister for Trade and Industry,
Key Nvidia customers, such as Microsoft Corp, have maintained their capital expenditure plans, suggesting that the AI spending surge will remain strong
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He said Nvidia’s products are mainly deployed here for major enterprises and the Government. Read more at straitstimes.com.
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
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.
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