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

Taiwan Tech Weekly: Hon Hai New All-Time Highs; Asustek Soars; Leading Chip Testing Firm Exits China

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

Taiwan Tech Weekly: All Eyes on Nvidia Results Next Week; Microsoft Copilot Edge AI To Be Showcased?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Wiwynn GDRs Early Look - US$1.3bn Taiwan GDR Would Be Easily Digested

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% Premium; Has Remained Above 15% for Over Nearly Two Weeks</li>
<li>ASE: +11.8% Premium; We Continue to View 14%+ as Range to Short From</li>
<li>CHT: +0.6% Premium; Can Consider Shorting the Spread at Current Level</li>
</ul>


TSMC: +17% Premium; Has Remained Above 15% for Over Nearly Two Weeks
ASE: +11.8% Premium; We Continue to View 14%+ as Range to Short From
CHT: +0.6% Premium; Can Consider Shorting the Spread at Current Level


Taiwan Dual-Listings Monitor: TSMC Spread Trading at New High Range, CHT Spread at Short Levels