The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Capital · operating

across 4 members — open each for the figure + sources

about Foundry

aggregate of member nodes

Aggregate of 4 member claims — each member's sourced figures are below.

the working

Basis

aggregate of member nodes

Member claims 4

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

  • TSMC ~$88B/yr operating cash flow (TTM TWD 2,634,679M at 30; FY2025 TWD 2,274,976M ~= $76B) — …
  • Samsung ~$75B/yr group operating cash flow (TTM KRW 109,008,388M at 1460; FY2025 KRW 85,315,148M …
  • Intel ~$14.9B/yr operating cash flow (TTM), recovering from FY2025 $9.7B — but largely eaten by …
  • Globalfoundries ~$1.9B/yr operating cash flow (TTM $1,942M; FY2025 $1,731M) — comfortably self-funding

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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 Foundry.