A chip sale is not yet working capacity
TSMC’s latest results show a growing supplier business. Following the same chips into a working system requires a different set of records.
Research on the conditions behind change
Independent analysis of technology, infrastructure, industry, capital and institutions.
In focus
Semiconductors →More research
All research →Electrification changes where energy risk sits
Reducing fuel imports is one part of energy security. The next test is whether the electricity system can deliver when customers need it.
The grid capacity hidden in plain sight
Better use of existing networks can open a faster route to power. The difficult part is turning technical potential into a dependable connection.
Latest
All news →Southeast Asia’s energy security turns on the whole system
A new IEA review connects growing electricity demand with fuel supply, grid reliability and regional preparedness.
TSMC reports US$46.72 billion in third-quarter revenue
The 15 October release separates reported results from a fourth-quarter revenue outlook of US$52.3–54.3 billion.
Basel Committee connects AI risk with changes to bank disclosures
The committee approved a standard for machine-readable risk disclosures and will examine how operational-risk categories capture AI and cyber threats.
IEA puts existing grids at the centre of the electricity buildout
Digital tools can release capacity sooner than new lines, but the opportunity depends on the network and its operating conditions.
Research areas
View all →AI & Compute
From model capability to usable capacity.
Energy & Infrastructure
The physical conditions behind a delivery date.
Semiconductors
Production, revenue and the limits of what a shipment tells us.
Industrial Systems
How systems work when their operating conditions change.
Capital & Markets
Financing conditions behind commitments and returns.
Policy & Regulation
The distance between a formal rule and its practical effect.
Signal register
View all →Follow a defined question, the evidence behind it and the observation that would change the judgment.
Crane restart: from target date to working power
Follow the Crane restart across its announced schedule, regulatory decisions and evidence of electricity generation.
Does AI disclosure survive distribution?
A testable question about the handoff from a marked output to what a person receives.
Financing conditions may outlast the spending headline
How funding commitments and borrowing conditions affect the path from investment to usable capacity.
Research briefs
View all →Read focused publications with their methods, evidence and limits.
From announced capacity to working infrastructure
An evidence protocol for following AI projects across chips, power and capital.
When a formal rule becomes an operating condition
Authority, responsibility and evidence in the governance of AI systems.
From the Knowledge library
View all →Find reports, papers and primary documents from the original publishers.
TSMC Reports Third Quarter EPS of NT$29.43
Consolidated supplier results and management guidance; not a measure of customer installations, AI-only demand or investment returns.
View originalASEAN Energy Security Review
Regional policy assessment; not a forecast of reliability or costs at a named site.
View originalElectrification and diversification can help address Southeast Asia’s growing energy security challenges
The demand growth figure is a regional projection for 2026–2030, not an observed annual outcome.
View originalBooks
Books
Before the Decision Reaches You
JULIAN Q. VALE
The tunnel worked. The investment was another story.
Research updates
New research and material updates, delivered when there is something worth reading. No fixed publishing schedule.