Singapore accounts for staggering 20% of Nvidia's revenues
And the U.S. has taken notice as it seeks to clamp down on GPU shipments.
Singapore accounts for 20% of Nvidia's revenues. And the US has taken notice as it seeks to clamp down on GPU shipments.
For today's UnfilteredFriday, let's talk about GPUs, the crucial enabler of the new AI arms race.
It turns out that tiny Singapore is a significant contributor to Nvidia's revenues.
Did you say 20 per cent?
Specifically, Singapore accounts for almost 20% of Nvidia's revenue, according to its regulatory filing for 9 months ending Oct 2024.
This is incredible because while Singapore is a notable data centre hub, a 3-year moratorium and limited data centre capacity means its data centre vacancy has hovered below 2%.
This means its literally not possible for Nvidia GPUs to be deployed in Singapore in large numbers.
Indeed, Nvidia's regulatory filings noted: โMost shipments associated with Singapore revenue were to locations other than Singapore, and shipments to Singapore were insignificant.โ
The AI race
I wrote last week that AI is the new space race, as the US seeks to massively build up its AI infrastructure to the tune of half a trillion dollars with Project Stargate.
The goal? To win at AI regardless of cost.
Related to this, the US earlier in January expanded the rules under Biden; large shipments to Singapore now require a license - as with the case of almost everyone with the exception of a small group of allies.
Well, the US is now taking a hard look at the Lion City, as DeepSeek triggered consternation with how it managed to catch up with or surpass the best Western models despite GPU curbs.
Indeed, Meta has reportedly assembled four "war rooms" of engineers to respond to DeepSeek's breakthrough, according to ๐๐ฉ๐ฆ ๐๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ.
What will happen next? Will Trump sanction Singapore for what are effectively private transactions outside the purview of the Singapore government?
What do you think?
