Yesterday’s News 2026-10-16

curated news excerpts & citations
… trying to ‘unbury the lede’

''You put all the truths together, it's not the truth.''

Howard Yu:
“You put all the truths together, it’s not the truth.”

TSMC, the manufacturer of Nvidia’s AI chips, had a 54.6% year-over-year increase in sales in September. But its chief executive, C.C. Wei, still doubts the order book it represents.

“I believe every customer tells me the truth,” Wei told analysts in July. “You put all the truths together, it’s not the truth.” In other words, each customer’s order is honest, but the sum total of those orders is too big.

… My read is that the demand is growing in a real and sustainable way but not as fast as the forecasts say.

Inflating orders only stops when there’s a price for doing so.

Ohio tried that. Since July 2025, the power company AEP Ohio has required new, large data centers to pay for at least 85 percent of the electrical capacity they book, even if they don’t use it. Zach Miller, the utility’s director of economic development and data center integration, said the rules are “meant to distinguish speculative projects, or ‘tire kickers,’ from real ones.”

The backlog of data center capacity requests fell from 30 gigawatts to 5.6 gigawatts.
(Howard Yu   more…)


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