BUSINESS · TAIWAN
Taiwan’s chipmaking heavyweight reported NT$514.8 billion in August revenue. A striking month at the factory gate—and a reminder to distinguish strong sales from the rest of the investment story.
A NUMBER WORTH YOUR TIME
TSMC REVENUE GROWTH · AUG. 2026, YEAR ON YEAR
Sales are one part of the story. Arthur Ledger takes his pencil to the rest.
Read the company figuresFROM THE EDITOR’S DESK
The world has enough notifications. This paper is an invitation to stop, consider the evidence, and finish a thought before the next one arrives.
Meet your editorsTHE BIG READ · ENERGY & TECHNOLOGY
The AI revolution has a decidedly old-fashioned requirement: somewhere to plug it in.
The cloud has an address. It also has an electricity bill. An updated IEA outlook puts data-centre electricity demand at around 950 TWh by 2030. Behind every promise of effortless intelligence sits some very substantial infrastructure.
Our technology editor follows the wires behind the promises. The question is no longer simply what the machines can do, but what it takes to keep them running.
IN THIS EDITION
AT THEIR DESKS