The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

TSMC → unnamed vendor(s) — n/a — financing

TSMC raised FY2026 capital-expenditure guidance to $60-64B; 70-80% advanced process, ~10% specialty, 10-20% advanced packaging/testing/mask-making/other. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

high confidence ·

TSMC raised FY2026 capital-expenditure guidance to $60-64B; 70-80% advanced process, ~10% specialty, 10-20% advanced packaging/testing/mask-making/other. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

Sourced figures 1


the working

Basis

TSMC raised FY2026 capital-expenditure guidance to $60-64B; 70-80% advanced process, ~10% specialty, 10-20% advanced packaging/testing/mask-making/other. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

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.