The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Chips

Capital · operating

across 8 members — open each for the figure + sources

about Chips

aggregate of member nodes

Aggregate of 8 member claims — each member's sourced figures are below.

the working

Basis

aggregate of member nodes

Member claims 8

This is an aggregate — its evidence is the members' own claims.

  • Nvidia ~$119B/yr FCF (TTM to Apr-2026); FY2026 FCF $96.7B
  • Broadcom ~$33B/yr FCF (TTM to May-2026); FY2025 FCF $26.9B
  • SK Hynix ~$30B/yr FCF (TTM 41.79T KRW / ~1,380); TTM operating cash flow ~$51B (70.68T KRW); FY2025 …
  • Micron ~$51.4B/yr operating cash flow (TTM); ~$26.2B/yr FCF (TTM) — vs only $1.7B FCF FY25 …
  • CXMT no clean operating-cash-flow / FCF figure (newly public, prospectus-only); revenue growing …
  • AMD ~$8.6B/yr FCF (TTM to Mar-2026); TTM operating cash flow $9.7B; FY2025 FCF $6.7B
  • Qualcomm ~$12.5B/yr FCF (TTM to Mar-2026); TTM operating cash flow $14.3B; FY2025 FCF $12.8B
  • Arm ~$1.5B/yr operating cash flow (FY26); FCF ~$1.0B (FY26 $979M)

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Chips.