Nvidia Surpasses Apple as TSMC's Largest Customer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Should l Buy INTC?
Source: NASDAQ.COM
- Customer Status Shift: Nvidia's CEO claims that Nvidia has overtaken Apple as TSMC's largest customer, highlighting the robust demand for AI chips, which may intensify competition for manufacturing capacity for Apple.
- Diminishing Privileges for Apple: As Nvidia rises, Apple's preferential treatment at TSMC appears to be waning, leading to higher manufacturing costs and increased pressure to compete with other customers, potentially destabilizing its product supply chain.
- Increased Opportunities for Intel: Analysts suggest that Apple is considering using Intel's manufacturing processes, potentially producing 15 to 20 million chips annually, which presents new market opportunities for Intel and could reshape its competitive landscape in AI.
- Future Outlook: With Apple planning new product launches from 2027 to 2029, securing sufficient chip supply becomes critical, and the rise of Nvidia alongside changes in TSMC's priorities may drive Apple to seek alternative manufacturing sources to meet market demand.
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Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall
29 Analyst Rating
5 Buy
19 Hold
5 Sell
Hold
Current: 45.580
Low
20.00
Averages
39.30
High
52.00
Current: 45.580
Low
20.00
Averages
39.30
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company operates through three segments: Intel Products, Intel Foundry, and All Other. Its Intel Products segment includes Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX). The CCG is bringing together the operating system, system architecture, hardware, and software application integration to enable PC experiences. DCAI delivers workload-optimized solutions to cloud service providers and enterprises, along with silicon devices for communications service providers, network and edge, and HPC customers. NEX helps networks and edge compute systems from fixed-function hardware to general-purpose compute, acceleration, and networking devices running cloud native software on programmable hardware. The Intel Foundry segment comprises technology development, manufacturing and foundry services. All Other segments include Altera, Mobileye, Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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