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?

ASMedia GDR Early Look - Momentum Has Been Strong, and Raising Would Grow Its Cash Base Almost 6x

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