Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

All Is Not Well in Tech Sector, AI Growth Slows, TSMC Expensive. Samsung, SK Hynix More Attractive.

SAMSUNG: Less About Preliminary Results, More About the Tech Missteps. Samsung Pain Is HYNIX’s Gain

TSMC, UMC Monthly Sales: TSMC up Strong but Plateauing, UMC Lackluster, Confirming 2 Big Trends

Taiwan Dual-Listings Monitor: TSMC Returning to Higher Trading Range? ASE's Two Upcoming Events

Taiwan Tech Weekly: TSMC Becoming More Dominant; Apple's AI Opportunity; Taiwan Market Hammered

Taiwan Tech Weekly: TSMC Apple Arizona Production Milestone, Samsung 3nm Yield Still Weak Vs. TSMC

Hezbollah's Pager Explosions and South Korea's Security Breach - Implications for Tech Supply Chains

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

Taiwan Semiconductor (TSMC) - ADR / Equity Bottom-Up

Taiwan Semiconductor (TSMC) - ADR (TSM US)

<ul>
<li>TSMC: +17.5% Premium; Recent Trading Back in the 15-20% Range</li>
<li>UMC: -0.3% Discount; Middle of the Range, Rising Short Interest in Taiwan</li>
<li>ASE: +2.2% Premium; Spiking Short Interest in Taiwan Listed Shares</li>
</ul>


TSMC: +17.5% Premium; Recent Trading Back in the 15-20% Range
UMC: -0.3% Discount; Middle of the Range, Rising Short Interest in Taiwan
ASE: +2.2% Premium; Spiking Short Interest in Taiwan Listed Shares


Taiwan Dual-Listings Monitor: TSMC Back to Higher Premium Range; ASE Premium Remains Collapsed