The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

Tracked inflow · Unnamed vendors (via TSMC's capex)

$141.4B tracked across 3 claim(s) (+1 more without a settled point figure — see members)

about Tsmc unnamed vendors

Sum of point-figure, USD-denominated flow claims tagged Tracked inflow · Unnamed vendors (via TSMC's capex) in the Q1 money-flow map.

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


the working

Basis

Sum of point-figure, USD-denominated flow claims tagged Tracked inflow · Unnamed vendors (via TSMC's capex) in the Q1 money-flow map.

The pieces 4

Every claim that fed this total, plus any that couldn't be summed — click a row for its own sourcing.

FlowAs ofAmount
TSMC → unnamed vendor(s) — land, shell & materials (foundry construction (fab capex)) vendor unnamed2025-03-03$100.0B
TSMC → unnamed vendor(s) — land, shell & materials (foundry construction (fab capex)) vendor unnamed2026-08-11$29.4B
TSMC → unnamed vendor(s) — land, shell & materials (foundry construction (fab capex)) vendor unnamed2021-01-01$12.0B
TSMC → unnamed vendor(s) — compute silicon & systems (advanced packaging construction (CoWoS — distinct facet from tsmc/foundry-construction)) vendor unnamed2026-01-01not summed
Total (settled figures only)$141.4B

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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 Research · Q1.