TAIPEI, March 9 (Reuters) - Taiwan's exports rose less than expected in February, slowing from January when monthly growth was the fastest in 16 years.
Exports grew 20.6% year-on-year to $49.8 billion, compared to 28.8% in a Reuters poll and 69.9% in January, the finance ministry said on Monday. The export performance continued a streak of 28 consecutive monthly year-on-year gains.
Here are some details on the data:
* Artificial intelligence (AI) and cloud business demandwas strong, but there were fewer working days given theweek-long Lunar New Year holiday that took place in February. * Taiwan companies such as TSMC, the world's largest makerof advanced chips used to power AI applications, are majorsuppliers to Nvidia, Apple and other leading tech companies. * Demand remained strong and export momentum should extendinto the first quarter. * However, U.S. trade policy and geopolitical risks shouldbe closely watched. * For March, the ministry expects exports to rise between29% and 35% from a year earlier. * In February, Taiwan's exports to the United States rose33.7% from a year earlier to $15.74 billion, while exports toChina climbed 3.3%. * Exports of electronic components jumped 24.6% to $17.979billion. * Imports rose only 6.8% to $37.08 billion,underperforming economists' forecasts of an increase of 23.7%.
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (89%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (11%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (88.3%), gaming (8.7%), professional visualization (1.4%), automotive (1.3%) and other (0.3%).
Net sales are distributed geographically as follows: the United States (46.9%), Singapore (18.2%), Taiwan (15.8%), China and Hong Kong (13.1%) and other (6%).
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