# Who are Pegatron's customers? Who does Pegatron earn revenue from?
Canonical: https://valuechain.wiki/pegatron · Facet: customers · Updated: 2026-07-12T04:15:08.054+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Pegatron's confirmed revenue counterparties include Apple (아이폰 조립), NVIDIA (GB200 AI 서버) plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 revenue edges, backed by 4 dated sources, 1 of them primary filings (as of 2026-07-12).

### Apple (아이폰 조립) (high)  → /apple.md
- note: Apple was the largest customer at 59.34% of 2024 sales (NTD 667.8bn, disclosed as 'A Company'). Pegatron is a top-two iPhone assembler after Foxconn, building a Texas plant to address tariffs.
- [confirms] Yahoo Finance (EN, news, published 2026-01-23) https://finance.yahoo.com/news/apple-dell-supplier-pegatron-expects-093230268.html: "Yahoo Finance: 'Apple/Dell supplier Pegatron' expects its US plant by end-March."
- [confirms] Pegatron Corporation (EN, filing, published 2025-05-08) https://www.pegatroncorp.com/media/20250805084349120_2024_Annual_Report_Eng.pdf: "AR 4.2.4.2: 'A Company ... 667,767,666 ... 59.34%' — the largest customer in 2024."

### NVIDIA (GB200 AI 서버) (high)  → /nvidia.md
- note: ODM for NVIDIA GB200/Blackwell AI server racks; delivered liquid-cooled racks exceeding 130kW to data-center clients and began small-scale H100 HGX shipments in 2024, with GB200 racks in customer validation at end-2024.
- [mentions] TradingView (EN, research, published 2026-07-01) https://www.tradingview.com/symbols/TWSE-4938/forecast/: "TradingView: 12 analysts' 12-month average target about TWD 89.25 (high 105, low 72), consensus 'Neutral' (2 buy, 9 hold, 1 sell)."
- [confirms] Yahoo Finance (EN, news, published 2026-01-23) https://finance.yahoo.com/news/apple-dell-supplier-pegatron-expects-093230268.html: "Pegatron first-delivered GB200 AI server racks."
- [confirms] Pegatron Corporation (EN, filing, published 2025-05-08) https://www.pegatroncorp.com/media/20250805084349120_2024_Annual_Report_Eng.pdf: "AR: 'AI server racks with liquid cooling capabilities exceeding 130kW have already been delivered to data center clients'; advancing NVIDIA, AMD and Intel platforms."
- [confirms] Asia Business Daily (KO, news, published 2024-10-22) https://www.asiae.co.kr/article/2024102216264267753: "Asia Business Daily: Pegatron began small-scale NVIDIA H100 HGX server shipments in Q1 and ships 'Blackwell' servers from December."

### 상용 브랜드 고객 (B사, 비공개) (high)
- note: The second customer (anonymized 'B Company') was 10.25% of 2024 sales (NTD 115.3bn); Yahoo Finance reports Dell as a Pegatron customer. The top two customers were about 70% combined.
- [confirms] Yahoo Finance (EN, news, published 2026-01-23) https://finance.yahoo.com/news/apple-dell-supplier-pegatron-expects-093230268.html: "Yahoo Finance headline identifies Pegatron as an 'Apple/Dell supplier'."
- [confirms] Pegatron Corporation (EN, filing, published 2025-05-08) https://www.pegatroncorp.com/media/20250805084349120_2024_Annual_Report_Eng.pdf: "AR 4.2.4.2: 'B Company ... 115,308,179 ... 10.25%' — the second customer in 2024."

Reverse side: https://valuechain.wiki/pegatron/suppliers.md · Ripple: https://valuechain.wiki/pegatron/ripple.md

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Full node: https://valuechain.wiki/pegatron.md · JSON: https://valuechain.wiki/pegatron.json