NVIDIA Surpasses Apple to Become TSMC's Biggest Customer

NVIDIA Surpasses Apple as TSMC’s Largest Revenue Contributor

Recent reports from Taiwan reveal a significant shift in the semiconductor industry: NVIDIA has overtaken Apple to become the largest customer of Taiwan Semiconductor Manufacturing Company (TSMC) by revenue. While TSMC traditionally refers to its major clients as "client A" and "client B" in financial disclosures, NVIDIA CEO Jensen Huang recently confirmed that NVIDIA now holds the top spot among TSMC’s customers.

Record Revenue for TSMC Driven by NVIDIA

In 2025, NVIDIA contributed an impressive NT$726.9 billion (approximately US$23.2 billion) to TSMC’s revenue. This figure is more than double NVIDIA’s contribution in 2024, highlighting the company’s rapid growth and increasing demand for advanced semiconductor manufacturing. However, this surge in revenue does not necessarily indicate that NVIDIA is producing twice as many chips. The cost of manufacturing on TSMC’s most advanced process nodes is significantly higher than previous generations, and the total includes additional services such as chip packaging and testing.

Apple Remains a Key TSMC Client

Apple, previously TSMC’s largest customer, remains a major contributor with NT$645.1 billion (US$20.5 billion) in revenue for 2025. Although Apple’s share of TSMC’s total revenue decreased from 22 percent in 2024 to 17 percent in 2025, the company continues to play a crucial role in TSMC’s business.

Shifting Market Dynamics in the Semiconductor Industry

NVIDIA’s share of TSMC’s revenue rose to 19 percent in 2025, up from 12 percent the previous year. This shift underscores the growing influence of AI and high-performance computing in the semiconductor market, as NVIDIA’s advanced chips are in high demand for data centers, artificial intelligence, and other cutting-edge applications. Meanwhile, Apple’s share declined, reflecting changes in consumer electronics demand and the evolving landscape of chip manufacturing.

These developments highlight the dynamic nature of the semiconductor industry, with NVIDIA’s rapid ascent marking a new era for TSMC and its global partners.