Overview
- Nvidia CEO Jensen Huang said Nvidia is now TSMC’s biggest customer, confirming the changing order.
- Analyst projections reported by CNBC estimate about $33 billion in 2026 TSMC revenue from Nvidia versus roughly $27 billion from Apple.
- AI accelerators’ larger, more complex designs and advanced packaging generate higher revenue per wafer than Apple’s A‑ and M‑series chips.
- High‑performance computing accounted for more than half of TSMC’s net revenue last quarter, underscoring the AI infrastructure buildout.
- TSMC plans $52–$56 billion in 2026 capital spending to expand AI capacity, with reports of price pressure on leading‑edge nodes affecting Apple, which remains a key client as suppliers expand in Arizona and diversification efforts extend to India.