NVIDIA Beats Apple to Become TSMC’s Largest Customer

According to news out of Taiwan, NVIDIA has overtaken Apple, to become TSMC’s largest customers based on revenue. Although TSMC never mentions specific customers in its financial reports, but rather goes with terms like “client A” and “client B”, NVIDIA CEO Jensen Huang let slip that NVIDIA is now TSMC’s “top customer”. This would mean that NVIDIA is now client A in TSMC financial reports.

This also means that NVIDIA contributed NT$726.9 billion in revenue for TSMC in 2025, or US$23.2 billion if you prefer, which is over twice that of 2024. That doesn’t mean that NVIDIA is producing twice as many chips at TSMC, since the most advanced node always costs more than the previous production node and this most likely includes other services like chip packaging, testing etc. As for client B, also known as Apple, they provided a not insignificant NT$645.1 billion or US$20.5 billion in revenue for TSMC. As a share of TSMC’s revenue, NVIDIA stood for 19 percent—up from 12 percent in 2024—and Apple for 17 percent, down from 22 percent in 2024.