Exports 16.8 yy vs 7.35 forecast in Reuters poll
Exports to China 1.0 yy prior month 13.5
Exports to U.S. 78.5 yy prior month 70.3 to record high
Sees exports trending upwards in H2 ministry

TAIPEI, Sept 9 Reuters Taiwan39;s exports rose more than expected in August to an alltime monthly high of nearly 44 billion, as growing demand for chips to supply the burgeoning Artificial Intelligence AI industry overcame headwinds caused by anaemic demand from China.

Exports rose 16.8 on the year to a record 43.64 billion, the finance ministry said on Monday, exceeding a rise of 7.35 forecast in a Reuters poll and July39;s gain of 3.1, to mark the 10th consecutive monthly rise.

August39;s export value hit a record as business for AI and highperformance computing continued to be strong, as well as international brands stocking up on new products, the ministry said in a statement.

The second half of the year should see a gradual upward slope in growth as exports enter their peak season, the ministry has said, pointing to the endofyear holiday shopping season in Western markets such as the United States and Europe.

Taiwan firms such as TSMC, the world39;s largest contract chipmaker, are major suppliers to Apple, Nvidia and other tech giants.

The ministry predicted exports in September could gain between 5 and 9 on the year.

In August, exports to the United States soared 78.5 to 11.89 billion, also a record high, compared with a gain of 70.3 in July.

Shipments to largest…