Taiwan Semiconductor Manufacturing Co. (TSMC) financial reports indicate that Nvidia overtook Apple as the company's largest customer in 2025.
Industry analysts identify 'Client A' in the filing as Nvidia, which accounted for 19% of TSMC's total revenue in 2025. This figure represents a significant increase from the 12% share recorded in 2024.
Conversely, 'Client B'—widely understood to be Apple—saw its revenue contribution decline to 17% in 2025. This is a decrease from the 22% share Apple held in the previous year.
The shift in rankings highlights the explosive growth in demand for Nvidia's artificial intelligence processors. Analysts expect Nvidia to maintain its leading position throughout the current year as the AI sector continues to expand.