partnerScore 60/100Watch
Taiwan (TSMC, Wistron) and US manufacturing represent critical dual-sourcing strategy; supply chain resilience driving reindustrialization capex
Jensen Huang· NVIDIA· AI· 2026-07-22· about TSMC, Wistron
“Without the partnership of Taiwan, without the partnership of TSMC and Wistron, we wouldn't be able to do what we are doing today... Taiwan may be the United States fourth largest trading partner, but Taiwan is my largest trading partner.”
Why it matters
Huang explicitly states Taiwan is NVIDIA's largest trading partner and that TSMC + Wistron partnerships are non-negotiable. This confirms geopolitical and operational dependence on Taiwan's ecosystem while signaling simultaneous US capacity ramp.
Investment implication
US-based advanced manufacturing (Arizona, Texas fab construction) and Taiwan-US partnership investments will accelerate. Companies benefiting include construction, electrical infrastructure, and specialized manufacturing service providers in both regions.