More Than a Quarter of Nvidia's Revenue Now Comes From Customers Based in Taiwan. Should Investors Be Worried?

Nvidia's fiscal Q2 2027 revenue billed to Taiwan-based customers surged to $27.0 billion (28% of total revenue), tripling year-over-year. However, this reflects Taiwan's role as a manufacturing and intermediary hub rather than end-user demand. The real concern is revenue concentration, with a single direct customer accounting for 16% of quarterly revenue. Taiwan's importance spans both manufacturing (TSMC produces chips) and distribution, creating geopolitical risk exposure.