There was an interesting slide from a few years back that showed the net profit (less investment) of all the leading edge contract foundries since the founding

There was an interesting slide from a few years back that showed the net profit (less investment) of all the leading edge contract foundries since the founding of TSMC. It was very easy to see that since then, TSMC has earned more than the total net profit of the industry. Everyone else invests a lot of money to maybe stay somewhat competitive and still lose money, while TSMC is swimming in it. This is just situation normal. Sadly I could not find the slide online.