TSMC — sources
Research cutoff: September 25, 2026 at 12:47 a.m. MDT. Links identify the evidence used for that dated assessment; a linked page may subsequently change. Figures, dates and qualifications are taken from the approved research. No new source retrieval is represented by this editorial register.
| ID | Source | Use and limitation |
|---|---|---|
| S01 | TSMC, 2025 Form 20-F, year ended December 31, 2025 | Business, risks, IASB-IFRS financial statements, governance, audit opinions, commitments and customer concentration. Filed information does not certify the investment thesis. |
| S02 | TSMC, 2024 Form 20-F | Prior business, risk, tax, incentive and commitment disclosures. No complete word-for-word annual comparison is claimed. |
| S03 | TSMC, Q2/H1 2026 consolidated financial statements, June 30, 2026 | Taiwan-IFRS earnings, cash flows, leases, tax, investments and subsidiaries. Separate lease prepayment: printed page 8; equipment-payable reconciliation: printed page 40, note 29. Text extraction, not a visual audit. |
| S04 | TSMC, Q1 2026 statements, April 16 earnings call, and Q1 release | First-quarter USD revenue, margins, expansion and demand context. Earlier capital-spending guidance is superseded by July guidance. |
| S05 | TSMC, amended Q2 earnings call, July 16, 2026, August-hosted revision | VIS EPS attribution, revenue outlook, investment and ramp-cost guidance. Customer plans are not guaranteed noncancelable orders. |
| S06 | TSMC, 2026 monthly revenue, through August, released September 10 | Unaudited monthly and year-to-date sales. Does not establish margins or cash collection. |
| S07 | NVIDIA, Q2 FY2027 results, August 26, and earnings call | Reported revenue, data-center demand and outlook. Does not establish end-user investment returns. |
| S08 | Broadcom, Q3 FY2026 results, September 2 | AI revenue and guidance. Custom accelerators can still depend on the same cloud budgets. |
| S09 | Microsoft, FY2026 fourth-quarter results, July 2026 | Operating cash, cash equipment spending and Azure growth. Cash equipment spending omits some lease investment. |
| S10 | Meta, Q2 2026 results, July 2026 | Operating cash and investment including finance-lease principal. Definitions and period differ from other customer comparisons. |
| S11 | Amazon, Q2 2026 results, July 2026 | Trailing cash flows and AWS growth. The reported Anthropic accounting gain is not treated as recurring cash funding. |
| S12 | Samsung, Q2 2026 results, July 2026 | Foundry orders and plans; not proof of yield parity or comparable standalone returns. |
| S13 | Intel, June 27, 2026 Form 10-Q | Foundry segment revenue, intersegment sales and operating loss. Internal transfers are not external market-share gains. |
| S14 | ASE, 310×310 panel initiative, May 26, 2026 | Announced packaging approach and initial-production target; commercial yield is not established. |
| S15 | TSMC, August 11, 2026 board decisions | Dividend, capital appropriations and Sony-venture authorization. Authorization does not establish cash timing. |
| S16 | TSMC, ASML partnership, September 8, 2026; news index; financial calendar | Long-term technology milestones, issuer news and calendar context. Distant milestones are not twelve-month earnings catalysts. Dynamic indexes limit completeness. |
| S17 | US Bureau of Industry and Security, China semiconductor license policy, January 13, 2026, and foreign-owned fab controls, August 29, 2025 | Specific official policy announcements, not legal advice or certification of all current rules. |
| S18 | US Department of Commerce, TSMC Arizona CHIPS award, November 15, 2024, alongside S01/S03 grant notes | Conditional funding and loans; an award is not all cash received. |
| S19 | IMF, Europe and the Global AI Race, displayed publication September 21, 2026 | Leverage and circular-financing concerns. A speech about mechanisms, not a TSM-specific forecast or probability. |
| S20 | ChartExchange, TSM historical prices and SPY historical prices, September 24, 2026 session | Original snapshots and separately disclosed corrected-source marks; not an official exchange auction certificate. |
| S21 | State Street, SPY sponsor page, September 23, 2026 data; FinanceCharts SPY price comparison | Sponsor valuation, yield, fee and concentration inputs. Weighted forward P/E is not an independently established earnings forecast; alternative adjusted prices can use a different method. |
| S22 | US Treasury, September 2026 daily par curve; TreasuryDirect auction results | September 24 one-year indicative yield. No executable matched-security quote was established. |
| S23 | Marcus by Goldman Sachs, high-yield CDs, September 24, 2026 offer; CD guide | APY, minimum deposit and withdrawal terms. Eligibility and available insurance capacity are not assumed. |
| S24 | TSMC, FAQ and dividend information; Citi, ADR dividend information, September 25 snapshot | Five ordinary shares per ADR, withholding and dividend timing. Future USD payments and fees are not all verified; forecast entitlements are assumptions. |
| S25 | TSMC condensed financials: 2026 Q2, 2026 Q1, 2025 Q4, 2025 Q3, 2024 Q4, 2024 Q3 | Eight discrete Taiwan-IFRS quarters, including prior-year comparisons. Rounded condensed cash flows can differ from exact full-statement figures. |
| S26 | TSMC, 2023 Form 20-F | Earlier IASB-IFRS annual history; not current outlook authority. |