Taiwan Tech Focused Senior Analyst

Patrick Liao

Being invited, I joined Sellside, i.e. JPMorgan, Nomura and Macquarie, totally around 9-10 years. Before that, I joined International Data Corp (https://www.idc.com/) to be the Asia Semiconductor analyst for nearly 2 years, and being invited to do personal lectures in TSMC, UMC, Samsung and etc. In my working experiences, I also had the chance to join Taiwanese panel company, AUO (2409.TT) and the buyside, Chinalife (2823.TT), totally for over 1 year.
I obtained MS degree from the Tsing-Hua University. Then I worked in the Taiwan Semiconductor companies for around 11 years. I had several US patents during my stay in the Semiconductor industry.

Being worked in the sellside and buyside, I deeply dived in the Greater China Semiconductor industry and directly covered some companies, like TSMC (2330.TT, TSM.US), UMC (2303.TT, UMC.US), Vanguard (5347.TT), ASE (3711.TT, ASX.US), SPIL (merged with ASE and delisted), KYEC ( 2449.TT), JCET (600584.CH), ASMPT (522.HK), GWC (6488.TT), WinSemi (3105.TT), Mediatek (2454.TT), Silergy (6415.TT), Novatek (3034.TT), Guoxin Micro (002049.CH) etc.

TSMC (2330.TT; TSM.US): CoWoS Demand Continues to Increase in 2024.

MediaTek (2454.TT): 1Q24 Results Beat; 2Q24F Revenue Outlook Shows a Flat to Downward Scenario.

TSMC (2330.TT; TSM.US): ASML's High-NA EUV Machine Will Not Be Required Until 2027 at TSMC.

TSMC (2330.TT; TSM.US): A16 Technology Continues to Evolve in 1H27.

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mediatek-inc" target="_blank" data-smartkarma-citation="entities:772:1" rel="noopener">Mediatek Inc (2454 TT)'s</a> 3Q24 is expected to experience a quarter-on-quarter increase of about 5%.  </li>
<li>MediaTek is currently developing new processors based on Arm architecture and natively supporting the Microsoft Windows operating system.</li>
<li>It is believed that MediaTek will tape out with TSMC 3nm technology, targeting the 1H25 market.</li>
</ul>



Mediatek Inc (2454 TT)'s 3Q24 is expected to experience a quarter-on-quarter increase of about 5%.  
MediaTek is currently developing new processors based on Arm architecture and natively supporting the Microsoft Windows operating system.
It is believed that MediaTek will tape out with TSMC 3nm technology, targeting the 1H25 market.


Taiwan Semiconductor (TSMC) - ADR (TSM US)

MediaTek (2454.TT): 2Q24 Guidance Is Achievable; to Take Advantage of the AI PC Replacement Trend.