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NVIDIA's most recent financial report showcases that Singapore amassed approximately $10 billion in revenue for the company during the second quarter, comprising 22% of its global revenue, trailing only the United States. Singapore not only harbors the headquarters of several graphics card manufacturers but also serves as NVIDIA's pivotal hub for goods transit and redistribution, functioning as a "central invoicing" site. Adhering to U.S. accounting standards, sales revenue is recorded at the invoicing location, leading to the attribution of revenue from numerous U.S. customer orders to Singapore. NVIDIA underscores that despite the issuance of data center product invoices in Singapore, over 99% of these orders are in fact sourced from U.S. customers.
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