Nvidia stopped reporting Singapore separately in its geographic revenue breakdown in the quarter ending October 2025, adopting a new method based on customers’ headquarters rather than billing location. In the preceding quarter, ending July 2025, the company reported $10.2 billion in revenue from Singapore, accounting for 22% of total revenue and an 81% year-over-year increase. The change came shortly after Nvidia added Megaspeed to its internal sales block list, raising questions about the company’s knowledge of export-control circumvention. Megaspeed and its Malaysian subsidiary Speedmatric are alleged to have diverted at least $7.5 billion in Nvidia chips to China, while Singaporean authorities investigated former executive Alice Huang without finding sufficient evidence of espionage. Nvidia and Megaspeed have denied wrongdoing, and Jensen Huang has stepped down as chief executive, with chief financial officer Colette Kress leading the company in the interim.
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