Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

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

MediaTek Inc. is a fabless semiconductor company for wireless communications and digital multimedia solutions. The company provides SOC system solutions for wireless communications, high-definition TV, optical storage, DVD and Blu-ray products.

<ul>
<li>Report -- Google Drops QCOM, Shifts to MediaTek for Pixel 10's 5G Modems</li>
<li>Strong "Double" Indication for Mediatek's Competitiveness -- Combined with Recent Reports that Mediatek Won Apple to Provide Modems for the Apple Watch</li>
<li>Mediatek's Opportunity to Deliver a Big Win for Google; Maintain Our Structural Long Rating for Mediatek.</li>
</ul>


Report -- Google Drops QCOM, Shifts to MediaTek for Pixel 10's 5G Modems
Strong "Double" Indication for Mediatek's Competitiveness -- Combined with Recent Reports that Mediatek Won Apple to Provide Modems for the Apple Watch
Mediatek's Opportunity to Deliver a Big Win for Google; Maintain Our Structural Long Rating for Mediatek.


Mediatek: Google Reportedly Dropping QCOM & Adopting Mediatek for Pixel 10 Modem; Structural Long

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

Taiwan Semiconductor Manufacturing Company Ltd. manufactures integrated circuits based on its proprietary designs.  The Company offers a comprehensive set of integrated circuit fabrication processes to manufacture CMOS logic, mixed-mode, volatile and non-volatile memory and BiCMOS chips.  Taiwan Semiconductor is an affiliate of Philips Electronics N.V.

Taiwan Semiconductor (TSMC) - ADR (TSM US)

<ul>
<li>Apple's 2nm Power Move with TSMC -- Beating Samsung Yet Again</li>
<li>Why TSMC's 2nm Will be Huge -- Extending Tech Lead vs. Samsung &amp; Major AI/Power Consumption Benefits for Customers</li>
<li>The Memory Decoupling Trade is Working -- Nanya Tech Underperforms SK Hynix</li>
</ul>


Apple's 2nm Power Move with TSMC -- Beating Samsung Yet Again
Why TSMC's 2nm Will be Huge -- Extending Tech Lead vs. Samsung &amp; Major AI/Power Consumption Benefits for Customers
The Memory Decoupling Trade is Working -- Nanya Tech Underperforms SK Hynix


Taiwan Tech Weekly: Apple’s TSMC 2nm Power Move Beats Samsung; Himax Ascends with TSMC/Nvidia Halos

<ul>
<li>TSMC: 22.7% Premium; Good Level to Short the Spread Given Historical Trading Range</li>
<li>UMC: +0.2% Premium; Middle of Historical Trading Range; Short Interest Rises to New High</li>
<li>CHT: +0.5% Premium; Major Spike in Short Interest for the Local Taiwan Shares</li>
</ul>


TSMC: 22.7% Premium; Good Level to Short the Spread Given Historical Trading Range
UMC: +0.2% Premium; Middle of Historical Trading Range; Short Interest Rises to New High
CHT: +0.5% Premium; Major Spike in Short Interest for the Local Taiwan Shares


Taiwan Dual-Listings Monitor: TSMC Spread at Short Level; UMC and CHT Short Interest Spikes

<ul>
<li>Mediatek's Apple Watch Win Highlights Smartwatch Market Opportunity; Breakthrough Into Apple's Supply Chain</li>
<li>MediaTek's Role in Apple Watch Connectivity; Mediatek's TSMC Relationship to Provide a Lasting Advantage</li>
<li>Mediatek Rallied But Remains Below Highs; Significant Upside Remains -- Maintain Structural Long</li>
</ul>


Mediatek's Apple Watch Win Highlights Smartwatch Market Opportunity; Breakthrough Into Apple's Supply Chain
MediaTek's Role in Apple Watch Connectivity; Mediatek's TSMC Relationship to Provide a Lasting Advantage
Mediatek Rallied But Remains Below Highs; Significant Upside Remains -- Maintain Structural Long


Mediatek: Apple Watch Win Highlights Smartwatch Market Opportunity; Apple Supply Chain Breakthrough

<ul>
<li>TSMC’s N2 Progress Sparks Buzz Amid Yield Improvement Rumors; If True Then 2nm Will Become Even More Successful Than 3nm</li>
<li>Hon Hai &amp; TASA Showcase Homegrown Space Technologies Including an Alternative to Starlink</li>
<li>Himax: Buyback Program Lifts Shares; Auto Display Controllers, AR Displays &amp; WLO for AI Progressing </li>
</ul>


TSMC’s N2 Progress Sparks Buzz Amid Yield Improvement Rumors; If True Then 2nm Will Become Even More Successful Than 3nm
Hon Hai &amp; TASA Showcase Homegrown Space Technologies Including an Alternative to Starlink
Himax: Buyback Program Lifts Shares; Auto Display Controllers, AR Displays &amp; WLO for AI Progressing 


Taiwan Tech Weekly: TSMC 2NM Yield Jump Rumors; Seeing Taiwan's Starlink Alternative Firsthand in KS

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

Vincent Fernando, CFA
Managing Director, Zero One
• Zero One

Mediatek: Google Reportedly Dropping QCOM & Adopting Mediatek for Pixel 10 Modem; Structural Long

Google is reportedly switching from Qualcomm to MediaTek for Pixel 10's 5G modems, showing Mediatek's competitiveness and potential for to deliver...

Vincent Fernando, CFA

Taiwan Tech Weekly: Apple’s TSMC 2nm Power Move Beats Samsung; Himax Ascends with TSMC/Nvidia Halos

Apple secures competitive edge with TSMC's 2nm tech. Why advanced packaging is the key competitive capability for tomorrow's chips; Himax is...

Vincent Fernando, CFA

Taiwan Dual-Listings Monitor: TSMC Spread at Short Level; UMC and CHT Short Interest Spikes

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Mediatek: Apple Watch Win Highlights Smartwatch Market Opportunity; Apple Supply Chain Breakthrough

Mediatek's breakthrough into Apple's supply chain for the Apple Watch highlights a significant opportunity in the smartwatch market, with...

Vincent Fernando, CFA

Taiwan Tech Weekly: TSMC 2NM Yield Jump Rumors; Seeing Taiwan's Starlink Alternative Firsthand in KS

Did a TSMC engineer disclose a production yield improvement for the company's 2nm manufacturing? In Kaohsiong, the development of Taiwan's upcoming...

Vincent Fernando, CFA

Mediatek: Google Reportedly Dropping QCOM & Adopting Mediatek for Pixel 10 Modem; Structural Long

​Google is reportedly switching from Qualcomm to MediaTek for Pixel 10's 5G modems, showing Mediatek's competitiveness and potential for to deliver...

Vincent Fernando, CFA

Taiwan Tech Weekly: Apple’s TSMC 2nm Power Move Beats Samsung; Himax Ascends with TSMC/Nvidia Halos

​Apple secures competitive edge with TSMC's 2nm tech. Why advanced packaging is the key competitive capability for tomorrow's chips; Himax is...

Vincent Fernando, CFA

Taiwan Dual-Listings Monitor: TSMC Spread at Short Level; UMC and CHT Short Interest Spikes

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Mediatek: Apple Watch Win Highlights Smartwatch Market Opportunity; Apple Supply Chain Breakthrough

​Mediatek's breakthrough into Apple's supply chain for the Apple Watch highlights a significant opportunity in the smartwatch market, with...

Vincent Fernando, CFA

Taiwan Tech Weekly: TSMC 2NM Yield Jump Rumors; Seeing Taiwan's Starlink Alternative Firsthand in KS

Did a TSMC engineer disclose a production yield improvement for the company's 2nm manufacturing? In Kaohsiong, the development of Taiwan's upcoming...

Vincent Fernando, CFA

Google is reportedly switching from Qualcomm to MediaTek for Pixel 10's 5G modems, showing Mediatek's competitiveness and potential for to deliver...

Apple secures competitive edge with TSMC's 2nm tech. Why advanced packaging is the key competitive capability for tomorrow's chips; Himax is...

Mediatek's breakthrough into Apple's supply chain for the Apple Watch highlights a significant opportunity in the smartwatch market, with...