The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← TSMC

Capital · available

~$117B cash + ST investments (~$109B-$119B across FX 29.6-32.3); TWD 3,518,013M at 30 TWD/USD; total debt ~$33B (TWD 982,447M)

high confidence · as of 2026-07-26 · about TSMC

Sourced figures 2

  • stockanalysis.com TSM balance sheet cash & equiv TWD 3,134,218M + ST inv TWD 383,795M = TWD 3,518,013M; total debt TWD 982,447M (Jun 30 2026)

    2026-06 high

  • x-rates USD->TWD USD/TWD 32.34 (x-rates datapoint, stale Jan-2026); board.yaml implies ~29.6

    2026-01 low

the working

Threads 1

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