A senior official from Singapore has revealed that the country's contribution to NVIDIA's (NVDA, Financial) revenue is minimal. During the three-month period ending in October 2024, the physical delivery of NVIDIA products to Singapore accounted for less than 1% of the company's total revenue. These sales were primarily for deployment by large enterprises and government entities.
While 22% of NVIDIA's sales revenue for August to October is attributed to Singapore, this is primarily due to billing processes. Customers receive invoices in Singapore, but this does not reflect the actual destination of the products. It is a common practice for global entities to centralize billing in their hub regions, which may not correspond to the final delivery locations of the products.
