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Nvidia Corporation, a prominent player in the technology sector, operates globally. Its headquarters is located in the heart of Silicon Valley, in Santa Clara, California. Nvidia is well-known for its graphics processing units (GPUs) for the gaming and professional markets and its system-on-a-chip units (SoCs) for the mobile computing and automotive markets.
The company’s operations span across the Americas, Asia, Europe, and other regions, enabling it to serve a diverse range of customers and industries worldwide. Nvidia has offices, research facilities, and representation in countries such as the United States and Canada, across Europe, including the United Kingdom and Germany, Asia, including China, Japan, and South Korea, and many more.
This global presence allows Nvidia to foster innovation, support its extensive product lineup, and maintain its position as a leader in the graphics and artificial intelligence sectors.
This article looks at Nvidia’s revenue by country. For your information, Nvidia derives the majority of its revenue from just two countries: the U.S. and China, with Taiwan and Hong Kong included. These countries alone made up over 80% of the company’s total revenue in fiscal year 2024.
All told, let’s look at the numbers!
Investors interested in Nvidia’s revenue by market segment may find more resources on this page: Nvidia revenue by market and product segment.
Please use the table of contents to navigate this page.
Table Of Contents
Definitions And Overview
O2. How Does Nvidia Expand Globally?
Countries With The Highest Revenue
A1. Revenue From The United States, Taiwan, And China
A2. Percentage Of Revenue From The United States, Taiwan, And China
A3. Growth Rates Of Revenue From The United States, Taiwan, And China
Other Countries
B1. Revenue From Europe And Other Asia Pacific Countries
B2. Percentage of Revenue From Europe And Other Asia Pacific Countries
B3. Growth Rates Of Revenue From Europe And Other Asia Pacific Countries
Summary And Reference
S1. Summary
S2. References and Credits
S3. Disclosure
Definitions
To help readers understand the content better, the following terms and glossaries have been provided.
Revenue By Country: According to fiscal year 2024 annual report, Nvidia defines its revenue by geographic areas as sales designated based upon the billing location of the customer.
In addition, Nvidia has stated that the end customer location may be different than its customer’s billing location.
How Does Nvidia Expand Globally?
Nvidia has strategically extended its global reach through several key approaches:
1. **Innovation and Product Diversification**: Nvidia continuously innovates and expands its product line beyond traditional GPUs to include data center GPUs, automotive computing platforms, and AI computing infrastructure. This diversification allows Nvidia to enter and establish a presence in multiple markets worldwide.
2. **Strategic Partnerships and Collaborations**: Nvidia collaborates with numerous companies across different sectors, including automotive, healthcare, and cloud computing. These partnerships facilitate Nvidia’s integration into various products and services, expanding its global footprint. For instance, team up with automotive manufacturers to develop self-driving car technology or with cloud providers to offer AI and deep learning services.
3. **Global Supply Chain and Distribution Networks**: Nvidia has established a robust global supply chain and distribution network that ensures its products are available worldwide. By working closely with distributors, resellers, and retailers, Nvidia can efficiently supply its products to various markets, catering to consumer and enterprise demand.
4. **Investment in Research and Development (R&D)**: A significant portion of Nvidia’s budget is allocated to R&D, enabling the company to stay at the forefront of technological advancements. This commitment to innovation strengthens its product offerings and enhances its reputation and appeal in the global market.
5. **Marketing and Branding Efforts**: Nvidia invests heavily in marketing and branding initiatives to build and maintain its image as a leader in AI and graphics technology. Through targeted advertising, sponsorships, and participation in international tech events, Nvidia enhances its visibility and appeal to customers and partners worldwide.
6. **Education and Community Engagement**: Nvidia engages with the global tech community through developer programs, educational resources, and research grants. By supporting education and innovation in AI and computing, Nvidia builds a loyal community of developers and researchers who are likely to use and recommend Nvidia products.
7. **Adaptation to Local Markets**: Understanding and adapting to local market needs and preferences is crucial for global expansion. Nvidia tailors its products, services, and marketing strategies to meet the unique demands of different regions, ensuring relevance and competitiveness in the global market.
Through these strategies, Nvidia has successfully expanded its global reach, becoming a dominant player in AI, deep learning, and graphics technology worldwide.
Revenue From The United States, Taiwan, And China
Nvidia-revenue-from-the-U.S.-Taiwan-and-China
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You may find more information about the definition of Nvidia’s revenue by country here: revenue by country.
The chart above presents the regions and countries that have significantly contributed sales to Nvidia.
The United States is Nvidia’s biggest source of income and has contributed nearly $40 billion in sales over the last three years. In fiscal year 2024, Nvidia’s revenue from the United States reached a record figure of $27 billion, more than triple the amount in fiscal year 2023.
Taiwan is another region that has significantly contributed sales to Nvidia. Between fiscal years 2022 and 2024, Nvidia’s revenue from Taiwan alone totaled US$29 billion, the second highest after the United States. In fiscal year 2024, the revenue figure from Taiwan reached an all-time high of $13.4 billion, nearly double the $7 billion made in fiscal year 2023.
China, with Hong Kong included, contributes the third-highest revenue stream to Nvidia after the U.S. and Taiwan. In fiscal year 2024, China contributed $10.3 billion in sales to the company, about 78% higher than the $5.8 billion reported in the previous year. Since fiscal year 2022, Nvidia has earned US$23 billion in total revenue from China.
The combined revenue from the U.S., Taiwan, and China, with Hong Kong included, totaled $50.7 billion or over 80% of the total in fiscal year 2024.
Percentage Of Revenue From The United States, Taiwan, And China
Nvidia-percentage-of-revenue-from-the-U.S.-Taiwan-and-China
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You may find more information about the definition of Nvidia’s revenue by country here: revenue by country.
From the perspective of percentage, the United States has contributed the highest revenue since fiscal year 2023, reaching 30.7% and 44.3% of the total in fiscal years 2023 and 2024, respectively. Prior to fiscal year 2023, the revenue contribution from the U.S. was a lot smaller than Taiwan and China. According to the 2024 annual report, the increase in Nvidia’s revenue in the United States for fiscal year 2024 was primarily due to higher U.S.-based Compute & Networking segment demand.
On the other hand, China contributed just 17% of sales to the total in fiscal year 2024, while Taiwan made up 22% of the total in the same period. If you combined the revenue share from China and Taiwan, they made up 39% of the total in fiscal year 2024, only slightly behind the United States.
Therefore, China, together with Taiwan and Hong Kong, can have a significant impact on Nvidia’s sales. However, their revenue share has significantly decreased since fiscal year 2022, due primarily to the much faster revenue growth in the U.S. in recent years.
Growth Rates Of Revenue From The United States, Taiwan, And China
Nvidia-growth-rates-of-revenue-from-the-U.S.-Taiwan-and-China
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You may find more information about the definition of Nvidia’s revenue by country here: revenue by country.
Nvidia’s revenue growth in the U.S. has averaged 117% annually over the last three fiscal years, the highest among all regions. In fiscal year 2024, Nvidia registered YoY revenue growth of 225% in the U.S., far exceeding those in Taiwan and China.
In China and Taiwan, Nvidia’s revenue growth in these regions has averaged just 48% and 54% annually for the last three fiscal years, less than half of the growth seen in the U.S.
Nvidia’s significant revenue growth in the U.S. has been driven by the growing demand for its GPUs, which are highly sought after for complex data processing, artificial intelligence (AI), and machine learning workloads. These advanced GPU are usually used in data centers.
The demand for AI capabilities in the U.S. in various industries, including healthcare, automotive, and finance, has led to increased adoption of Nvidia’s data center solutions, and thereby the remarkable growth in revenue.
Revenue From Europe And Other Asia Pacific Countries
Nvidia-revenue-from-Europe-and-other-Asia-Pacific-countries
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You may find more information about the definition of Nvidia’s revenue by country here: revenue by country.
Nvidia has no longer broken down its revenue in Europe and other Asia Pacific regions starting in fiscal year 2022. Instead, it has lumped it under the other countries segment.
That said, Nvidia generated just US$1.1 billion in revenue from Europe and US$3.1 billion from other Asia Pacific countries excluding China in fiscal year 2021.
Between fiscal year 2018 and 2021, Nvidia’s revenue from Europe has risen by 46%, while the revenue from other Asia Pacific countries has grown by 50% in three years.
Percentage of Revenue From Europe And Other Asia Pacific Countries
Nvidia-percentage-of-revenue-from-Europe-and-other-Asia-Pacific-countries
(click image to expand)
You may find more information about the definition of Nvidia’s revenue by country here: revenue by country.
Nvidia has no longer broken down its revenue in Europe and other Asia Pacific regions starting in fiscal year 2022. Instead, it has lumped it under the other countries segment.
Nevertheless, the revenue contribution from Europe has totaled less than 10% in most fiscal years. The ratio decreased to just 6.7% in fiscal year 2021.
On the other hand, other Asia Pacific countries have contributed an average of 21% of sales to total revenue between fiscal year 2018 and 2021.
Growth Rates Of Revenue From Europe And Other Asia Pacific Countries
Nvidia-growth-rates-of-revenue-from-Europe-and-other-Asia-Pacific-countries
(click image to expand)
You may find more information about the definition of Nvidia’s revenue by country here: revenue by country.
Nvidia has no longer broken down its revenue in Europe and other Asia Pacific regions starting in fiscal year 2022. Instead, it has lumped it under the other countries segment.
All told, Nvidia has registered quite an impressive growth rate in Europe, averaging 13% between fiscal year 2019 and 2021.
For other Asia Pacific countries, the average growth rate has totaled about 14% between fiscal year 2019 and 2021.
Conclusion
To recap, Nvidia gets the majority of its revenue from the United States, while revenue from Taiwan alone tops the second highest.
China, together with Hong Kong, captures the third-highest spot in terms of revenue contribution to Nvidia.
From the perspective of percentage, the revenue contribution from China, combined with Taiwan and Hong Kong, reached 39% in fiscal year 2024, while the U.S. totaled 44% in the same period.
References and Credits
1. All financial figures presented in this article were obtained and referenced from Nvidia’s SEC filings, quarterly and annual reports, earnings calls, presentations, etc., which are available in Nvidia Financial Reports.
2. Nvidia’s global reach is referenced and obtained from several sources, including: Nvidia research, about Nvidia, Nvidia story, and Nvidia technology.
3. Pexels Images.
Disclosure
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