Nvidia booked $10.2B Singapore revenue but only 1% of chips stayed, Bessent questions compliance
teortaxesTex · x · 2026-11-16
US Treasury Secretary Bessent publicly questioned Nvidia's disclosure practices: Singapore-associated revenue hit $10.2 billion (22% of total) in the quarter ending July 2025, yet reports suggest only 1% of those chips actually stayed in Singapore. He argued that a bank with similar compliance lapses would have seen its executives forced out, and used the point to push back on talk of reinstating Jensen Huang.
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