AI Capex Flow MapHyperscaler → Supplier Attribution
All suppliers
Foundry & EquipmentSEC filings

TSMC (TSM)

Leading-edge foundry for NVDA, AMD, AVGO, AAPL, GOOGL, AMZN AI silicon

Modeled AI capex flow
$11.7B

from Big 5 forward AI-attributable spend

Hyperscaler exposure
60.0%

of revenue (latest 10-K)

Top hyperscaler customer
AMZN

modeled $3.3B flow

HPC % of revenue

Q4 2025

Forward visibility: HPC % of revenue

The leading indicator AM analysts read as capex commitments convert to supplier revenue.

TSM doesn't disclose backlog. HPC (High-Performance Computing) segment share ~52% of FY25 revenue, a proxy for AI exposure. CoWoS capacity sold out through 2026.

As of: Q4 2025Source filing
Flow attribution by hyperscaler

Modeled dollars from each hyperscaler's AI-attributable forward capex.

CustomerModeled flow% of total
Amazon (AMZN)$3.3B28.5%
Microsoft (MSFT)$2.7B23.3%
Meta Platforms (META)$2.4B20.3%
Alphabet (GOOGL)$2.3B19.4%
Oracle (ORCL)$1.0B8.5%
Computed from disclosed customer concentration and per-hyperscaler accelerator preferences. Per-edge values can be reconstructed from the Methodology page.
Notes & source

HPC segment ~52% of revenue FY25 and growing. Effectively the chokepoint for advanced AI silicon production.

View SEC filings page