Nvidia(US:NVDA) 半导体行业观察·2025-05-11 03:18Core Insights - The global AI boom is driving a surge in demand for high-performance chips, with Malaysia emerging as a significant hub for GPU imports, particularly from Nvidia [1][6]. - Malaysia's GPU imports reached $2.74 billion in April 2023, setting a new monthly record and contributing to a total of $6.45 billion in GPU imports for the first four months of the year, significantly exceeding the $4.877 billion forecast for the entire year of 2024 [1][4]. - The rapid growth in GPU imports indicates Malaysia's increasing role in the global AI chip supply chain, with Nvidia's revenue projections suggesting that Malaysia's imports could account for 13% of Nvidia's revenue in Q1 FY2025 [1][6]. Monthly Import Data - January: $1.12 billion (700% year-on-year increase) [4] - February: $627 million [4] - March: $1.96 billion (3,400% increase compared to March 2023) [4] - April: $2.74 billion (another 3,400% increase compared to April 2023) [4] Taiwan's Export Dynamics - Taiwan's exports of computer systems to Malaysia surged to $1.87389 billion in March 2023, a 366% increase year-on-year, and a 55,117% increase compared to March 2023 [1][5]. - The increase in exports includes components for AI servers, with Taiwan's exports of computer parts to Malaysia rising to $60.83 million in March 2023, up from $27.04 million in March 2022 [5]. Regulatory and Transparency Concerns - Nvidia's new reporting method allows the company to disclose revenue based on billing location rather than actual shipment destinations, raising questions about transparency and regulatory scrutiny from U.S. agencies [6]. - There is speculation regarding whether Malaysia's role as a transit hub for GPUs may be a means to circumvent U.S. export restrictions, particularly in light of the ongoing geopolitical tensions [6].