[Sg] - 3 men kena rrested for smuggling Nvidia chips to sell to DeepSeek in China

[UltimaOnline]

https://www.channelnewsasia.com/sin...nvidia-chips-singapore-china-deepseek-4964721

 

[UltimaOnline]

 

[Leongsam]

Why can't the chinks use their own chips I thought they were supposed to be smart?

 

[eatshitndie]

Why can't the chinks use their own chips I thought they were supposed to be smart?

no sillycon valley no chips for ccp to copy, counterfeit, and churi. ccp is totally dependent on sillycon valley.

 

[Chase]

no sillycon valley no chips for ccp to copy, counterfeit, and churi. ccp is totally dependent on sillycon valley.

semi-conductor industry people in Singapore knows that we had been smuggling these chips to China by changing HS Codes.

Singapore is a small nation with negligible manufacturing of consumer electronics and computer end-products, yet we are Nvidia's second largest export market, followed by Taiwan and China. If we don't clean our act, we will be next on the steep tariff list.

 

[k1976]

Where is Bro Ah Leong?

 

[Chase]

some argue that Nvidia just do their invoicing in singapore, most are not transhipped in Singapore.

Nvidia tossed a disclaimer in their Q1 2024 10-Q: “Singapore is essentially a billing location, and the actual goods were shipped to other countries.” Fine print in the latest 10-K revealed that 18 percent of 2025 was tagged to Singapore, but the stuff’s going elsewhere.

In this week's financial report, there is something called "Days Sales Outstanding" (DSO) which measures the average number of days it takes for a company to collect cash from credit purchases. It was reported to be 53 days but actual data points to at least 63 days. A long DSO shows that there is deteriorating collection efficiency or certain receivables were not reflected.

Hint 1: Accounts receivable increased >130% when sales grew only 114%
Hint 2: Cash-Flow down
Hint 3: Outstanding Inventory Day Sales (IDS) is reported 86 days but actual data points to at least 100 days.

I think Nvidia not only use Singapore are like apple/microsoft using ireland as a tax haven,
https://www.theguardian.com/world/2...-zero-corporate-tax-on-220bn-profit-last-year

I also understand that IDS and DSO is never accurate. However, when these two inventory metrics have a potential >10 days discrepancy, it could hint that a good portion of cargoes were transshipped (and payment delayed) if we looked at it from a trade perspective.

 

[k1976]

Why can't the chinks use their own chips I thought they were supposed to be smart?

Tiong are good for 吹水, u can see similar traits in Jiuhu Kia

 

[congo9]

Why can't the chinks use their own chips I thought they were supposed to be smart?

I thought you are a communist lover

 

[tobelightlight]

SINGAPORE: Three men were on Thursday (Feb 27) charged with fraud after authorities raided 22 locations the day before.

CNA understands the cases are linked to the alleged movement of Nvidia chips from Singapore to be used by Chinese artificial intelligence firm DeepSeek.

The three were among nine people arrested during raids by the Singapore Police Force and Singapore Customs. Documentary and electronic records were seized.

Two Singaporeans – Aaron Woon Guo Jie, 41, and Alan Wei Zhaolun, 49 – were charged with criminal conspiracy to commit fraud on a supplier of servers.

They allegedly made false representations in 2024 that the items would not be transferred to a person other than the "authorised ultimate consignee of end users", charge sheets stated.

Chinese national Li Ming, 51, was charged with committing fraud by false representation.

According to charge sheets, he allegedly claimed in 2023 that the end user of the items would be a company called Luxuriate Your Life.

NVIDIA CHIPS​

The raids in Singapore come on the back of media reports that said intermediaries in the country were involved in the illegal movement of Nvidia chips to China, bypassing US export controls.

The US Commerce Department had reportedly been looking into whether DeepSeek – the Chinese company whose artificial intelligence (AI) model rocked the tech world – has been using US chips that are not allowed to be shipped to China.

On Feb 1, Singapore's Ministry of Trade and Industry said it expects US companies in the country to adhere to both US and Singapore laws.

Second Minister for Trade and Industry Tan See Leng said in parliament on Feb 18 that Singapore does not condone businesses deliberately using their association with the country to circumvent or violate export controls of other nations.

While Singapore does not have legal obligations to enforce the unilateral export controls of other countries, it expects all companies operating in Singapore to take into account such regulations if applicable, said Dr Tan.

The offence of fraud by false representation carries a jail term of up to 20 years, a fine, or both.

Police investigations are ongoing against the other people arrested and the companies.

Singapore Customs is investigating if offences under the Customs Act and the Regulation of Imports & Exports Act have been committed.

 

[laksaboy]

Better cut your losses with China now, while you still have the window of opportunity.

America First Investment Policy​

https://www.whitehouse.gov/presidential-actions/2025/02/america-first-investment-policy/

 

[Chase]

Why can't the chinks use their own chips I thought they were supposed to be smart?

China can make a lot of larger chips, eg. 28nm at competitive prices. These will dominate the consumer electronics and used in EVs. EVs cannot use our 3/5/7nm chips because the EMF surge could damage delicate cutting-edge chips, when you pick up speed.

China can make 7nm, but it not cost effectively. In simple terms, it is like making a 14nm and scale-it into 7nm.

Such technology makes their version of 7nm heats up faster and high production loss.
Eg. If market price for each 7nm is US$1, their cost is >US$2.

 

[millim6868]

Tiong are good for 吹水, u can see similar traits in Jiuhu Kia

Lol, many tiong, ceca,jiuhu all cone here bluff thru their jobs ,lol, all end up getting g high pay n high post, lol, a joke, same as pap no substance use lip service