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

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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

<ul>
<li>We hosted a conference call with Global Unichip (GUC); GUC is 34.8% held by TSMC and a key provider of semiconductor design services to companies aiming to manufacture with TSMC.</li>
<li>GUC's Revenue Prospects are Linked to TSMC's Growth, However the Success of Its Customers' Chips Also a Factor -- Lagged Strong Revenue Growth Likely</li>
<li>Conclusion: GUC a Second-Derivative Play on TSMC's Structural Drivers with Potential to Surprise the Market and Catch Up to TSMC's Share Performance</li>
</ul>


We hosted a conference call with Global Unichip (GUC); GUC is 34.8% held by TSMC and a key provider of semiconductor design services to companies aiming to manufacture with TSMC.
GUC's Revenue Prospects are Linked to TSMC's Growth, However the Success of Its Customers' Chips Also a Factor -- Lagged Strong Revenue Growth Likely
Conclusion: GUC a Second-Derivative Play on TSMC's Structural Drivers with Potential to Surprise the Market and Catch Up to TSMC's Share Performance


TechChain Insights: Call with TSMC Partner Global Unichip; Potential to Outpace TSMC Revenue Growth?