Absolutely. They were reportedly the largest player in the server space around 2012 [1] (and consumed the entirety of their own production). Since then they've had multiple high-sellers across multiple product categories. The Google home devices ship tens of millions of devices a year on their own. Google may be better known for software and it's not all on the leading edge nodes, but they produce a lot of HW.

[1] https://www.wired.com/2012/07/google-server-manufacturing/

I wouldn't be surprised if Google's TPU's pushed them far over the edge on this. I'd bet TPUs running inference for Ads models can basically print money for the company.

They've also already been building their own network chips for some time. So, given the scale of their datacenters, I think it's entirely reasonable that they'd outpace nvidia.