Ms Joan Pereiraasked the Deputy Prime Minister and Minister for Trade and Industry whether there are measures in place to ensure that entities operating in Singapore are compliant with export controls and international laws in order to protect Singapore’s status as a well-respected international business hub.
Assoc Prof Jamus Jerome Limasked the Deputy Prime Minister and Minister for Trade and Industry (a) whether the Ministry is aware that Singapore will be placed under the new US AI export controls' Tier Two status; (b) whether it is a specific foreign policy objective of this Government to secure (i) the National Validated End-User status and (ii) Tier One reclassification under these controls; and (c) what specific technical and regulatory enhancements, if any, have been communicated by US counterparts as prerequisites for such status changes.
Assoc Prof Jamus Jerome Limasked the Deputy Prime Minister and Minister for Trade and Industry in light of how US agencies have flagged Singapore as a hub for illicit chip transshipments to blacklisted Chinese AI firms (a) whether the Government is able to (i) disclose the foreign policy rationales behind its regulatory stance with regard to re-exports of such chips since 2023 and (ii) detail any or all inter-agency decisions that led to this situation; and (b) how does the Government intend to rectify any damage to Singapore’s credibility and ties with the US arising from such reports.
The Second Minister for Trade and Industry (Dr Tan See Leng): Mr Speaker, may I have your permission to answer oral Question Nos 3 to 6 on today's Order Paper, filed by Members Mr Yip Hon Weng, Ms Joan Pereira and Assoc Prof Jamus Lim, together, please?
Mr Speaker: Please go ahead.
Dr Tan See Leng: These pertain to questions over the United States (US) export controls and Singapore's approach to such measures. My response today will also cover a similar Parliamentary Question that has been filed by Mr Mark Lee1, that has been scheduled for a subsequent Sitting.
Singapore is a stable, trusted, reliable and well-connected international business hub. Our economic competitiveness is based on our commitment to the rule of law, zero tolerance for corruption, transparent regulations and an open inclusive business environment. We have painstakingly built up this reputation over time. That is why we take firm and decisive action against individuals and companies that violate our laws. It is the foundation of our competitiveness.
Questions have been raised about Nvidia chips that were subject to US export controls. We are scrutinising this issue carefully and will continue to do so. So far, our checks indicate that physical delivery of products sold by Nvidia to Singapore represent less than 1% of Nvidia's overall revenue. These are mainly deployed in Singapore for major enterprises and the Singapore Government. We understand that the remainder of Nvidia's revenue billed to business entities in Singapore did not involve physical shipments into Singapore.
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