The world's largest contract chip manufacturer (foundry); fabricates the advanced processors designed by Nvidia, Apple, AMD, and others.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 53 | AMBER (~48–58) |
| Capex-vs-Demand Gap | 63 | AMBER–RED (~58–68) |
| Insider-Selling Intensity | 18 | GREEN (~15–22) |
| Financing Opacity / Circular Leverage | 16 | GREEN (~12–20) |
| Energy & Diminishing Returns | 57 | AMBER–RED (~52–62) |
| Organic End-User Demand | 47 | AMBER (~42–52) |
Q. TSMC has NT$1,519 billion sitting in construction-in-progress and equipment not yet in service — 41% of net PP&E — accumulating almost no depreciation. PwC flagged the timing of when that pool goes live as a key audit matter in both the 2024 and 2025 audits. What does a skeptic do with that?
A. Per the FY2025 20-F, EUI and CIP totaled NT$1,519.0B at December 31, 2025, up 67.6% from NT$907.5B at December 31, 2024, representing 41.2% of net PP&E versus 29.6% the prior year. Depreciation on assets in this pool is approximately zero until they are placed in service. PwC identified the timing of EUI/CIP service commencement as a key audit matter in both the FY2024 and FY2025 audit reports. Ma
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
Foreign private issuer. files 20-F annual + 6-K interim on its home-market cadence — no quarterly 10-Q series exists to band.
Watching: Capex vs demand before the print.
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Filing stack renders 20-F / 6-K, not 10-K/10-Q — a foreign private issuer’s forms.
Foreign private issuers are exempt from Section 16. the exemption is the SEC's, not our gap — no Form-4 ledger exists to build.
Pending analysis. not yet determined — on the follow-up ledger as of 2026-07-13. A dated commitment, not an apology.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.