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.

Phison (8299.TT): 2Q22 Could Expect a Slightly Growth QoQ

Phison (8299 TT): New Solid-State Drives to Drive Growth

Phison (8299 TT) Switched to App & Technology Oriented NAND Solutions

What Phison/Partner Said About Toshiba Memory Sales?

Equity Bottom-Up

<ul>
<li>We estimate Phison could reach NT$14.1bn sales and GM 25% outlook in 1Q22.</li>
<li>For 2022, it stars with a good beginning for 5~10% NAND price lifted, and Phison’s insistence on NAND Flash controller technology and allied with AMD.</li>
<li>Phison would maintain its solid dividend policy and it’s 80% in the past. It was ~NT$63 EPS in 2021. </li>
</ul>


We estimate Phison could reach NT$14.1bn sales and GM 25% outlook in 1Q22.
For 2022, it stars with a good beginning for 5~10% NAND price lifted, and Phison’s insistence on NAND Flash controller technology and allied with AMD.
Phison would maintain its solid dividend policy and it’s 80% in the past. It was ~NT$63 EPS in 2021. 


Phison (8299.TT): Insistence in NAND Flash Technology

Phison Electronics

Phison (8299.TT): Insistence in NAND Flash Technology