"We have always upheld the rule of law, and acted decisively and firmly against individuals and companies that flout the rules."
In its third-quarter results published in November, Nvidia said that Singapore accounts for almost 22% of its revenue but added that: "most shipments associated with Singapore revenue were to locations other than Singapore and shipments to Singapore were insignificant."
MTI cited Nvidia's comments in its Saturday statement and said the chipmaker said there was no reason to believe that DeepSeek had obtained any export-controlled products via Singapore.
"Singapore is an international business hub. Major US and European companies have significant operations here. Nvidia has explained that many of these customers use their business entities in Singapore to purchase chips for products destined for the US and other Western countries," MTI added.