Nafidia’s informal exports to China face the audit after the arrest of Singapore

The alarm bells came out in 2024 when Singapore appeared unexpectedly Nafidia The second largest revenue. Feeding the disclosure of widespread speculation that artificial intelligence chips in NVIDIA were directed to China.

Those concerns intensified in January yet Dibsic in China The scene of international artificial intelligence stormed due to the development and effectiveness of its moderation. Deepseek’s AI is trained in NVIDIA graphics units despite export restrictions designed to maintain technology outside China.

Singapore is working to dismantle the shadow networks wandering in the AI ​​chips in NVIDIA, and late last week, the authorities have detained three people on charges of distorting the final intended of the United States servers, which are likely to contain high -control NVIDIA chips.

Minister of Affairs and Minister of Singapore K. Shanamoham Monday detection Those servers from Del and Super micro computer It was shipped to Malaysia, which raised the decisive question: Was Malaysia the really final destination?

NVIDIA refused to make a comment on any of these developments.

NVIDIA shares decreased by approximately 8 % on Monday and are now 14 % in 2025, a chip that pushed the company’s maximum market to less than 3 trillion dollars. Super Micro shares fell 11 % on Monday, and Dell fell by 6 %.

While Singapore strongly rejected the allegations of work as a channel for China, NVIDIA highlighted a decisive discrimination in what it means to be a customer in it. The annual report It was presented last week.

Singapore formed 18 % of the total NVIDIA revenue, about $ 24 billion in the fiscal year ending January 28, based on the “customer bills site”, but less than 2 % of revenues, about $ 473 million, in terms of products that are shipped to the country.

“Customers use Singapore for the centralization of bills while our products are always shipped elsewhere,” Nafidia said in its annual report.

The arrests in Singapore show that a sophisticated network of sellers is still working despite increasing the audit.

Mizuho analysts warn that any comprehensive ban on NVIDIA chips to China can cancel 4 billion dollars to $ 5 billion of NVIDIA’s expected revenues for this fiscal year. The company said in calling its profits in the fourth quarter that the sales of the data center in China as a percentage of the total revenue of the data center “remained less than the levels seen at the beginning of the export control elements.”

With the sclerosis of the digital borders between East and West, silicon smugglers may find new ways. But the race for artificial intelligence dominates that this high -risk game will continue, with repercussions that exceed corporate profits.

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