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

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

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>Nvidia, Dell, Marvell results coming out this week.. Apple iPhone 16 Reveal September 9th?</li>
<li>Micron progressing on potential Taiwan capacity expansion due to strong HBM DRAM demand</li>
<li>AMD acquires a key U.S. server systems integrator, expanding its enterprise server opportunity in a market including Taiwan's server ODM players such as Hon Hai, Wiwynn, Inventec, Quanta, and Compal.</li>
</ul>


Nvidia, Dell, Marvell results coming out this week.. Apple iPhone 16 Reveal September 9th?
Micron progressing on potential Taiwan capacity expansion due to strong HBM DRAM demand
AMD acquires a key U.S. server systems integrator, expanding its enterprise server opportunity in a market including Taiwan's server ODM players such as Hon Hai, Wiwynn, Inventec, Quanta, and Compal.


Taiwan Tech Weekly: Nvidia Results Imminent; Apple IPhone 16 Reveal Date; Micron's Taiwan Expansion

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

<ul><li>First, let’s start with Intel. Intel had a pretty poor earnings result. There’s no two ways about it.</li><li>Intel reports Q2 EPS $0.02 ex-items vs FactSet $0.10, announces $10B cost reduction plan; suspends dividend</li><li>There was another layoff of around 15% of employees, a full dividend suspension (finally, guys), and a capex cut.</li></ul>

First, let’s start with Intel. Intel had a pretty poor earnings result. There’s no two ways about it.Intel reports Q2 EPS $0.02 ex-items vs FactSet $0.10, announces $10B cost reduction plan; suspends dividendThere was another layoff of around 15% of employees, a full dividend suspension (finally, guys), and a capex cut.

Intel Missed the Party, while AMD's ZT Systems is the Bet to Stay in the Game

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Advanced Micro Devices / Equity Bottom-Up

The Wall Street Journal last week <a href="https://www.wsj.com/articles/amd-is-in-advanced-talks-to-buy-xilinx-11602205553" target="_blank" rel="noopener">reported</a> that <a href="https://www.smartkarma.com/entities/advanced-micro-devices-inc" target="_blank" data-smartkarma-citation="entities:19009:1" rel="noopener">Advanced Micro Devices</a> is in advanced talks to buy <a href="https://www.smartkarma.com/entities/xilinx-inc" target="_blank" data-smartkarma-citation="entities:11600:1" rel="noopener">Xilinx</a> for a consideration of some $30 billion. It's a surprising move for the famously cautious and pragmatic CEO, Lisa Su. However, we think that the rumour is credible and, on balance, believe it to be a smart move on the part of AMD. Here's why.

The Wall Street Journal last week reported that Advanced Micro Devices is in advanced talks to buy Xilinx for a consideration of some $30 billion. It's a surprising move for the famously cautious and pragmatic CEO, Lisa Su. However, we think that the rumour is credible and, on balance, believe it to be a smart move on the part of AMD. Here's why. 

AMD. Making Sense Of The Proposed Xilinx Acquisition.

<ul>
<li>AMD announced their intention to acquire hyperscale solutions Provider ZT Systems in a cash and stock transaction valued at $4.9 billion</li>
<li>The real target of the deal is the 1,000 Data Center design engineers all of who will transfer directly to AMD's engineering team with an annual OpEx of $150 million</li>
<li>This is AMD scaling up to grab a larger share of the ~$400 billion by 2027 AI Data Center TAM just as Intel is scaling down its workforce by 15,000</li>
</ul>


AMD announced their intention to acquire hyperscale solutions Provider ZT Systems in a cash and stock transaction valued at $4.9 billion
The real target of the deal is the 1,000 Data Center design engineers all of who will transfer directly to AMD's engineering team with an annual OpEx of $150 million
This is AMD scaling up to grab a larger share of the ~$400 billion by 2027 AI Data Center TAM just as Intel is scaling down its workforce by 15,000


Podcast On the Business of Semiconductors, The Circuit

The Circuit

Podcast On the Business of Semiconductors

A Podcast On the Business of Semiconductors. With Jay Goldberg and Ben Bajarin

Thematic (Sector/Industry)

<ul><li>Lots of inquiries and discussions about the semiconductor market this week, stock market movements relatively flat</li><li>Nvidia up 11%, AMD up 7%, Microsoft up 4% last week</li><li>Market experiencing a dialing back of hype, some names still overvalued, but overall growth dynamics in semiconductors still intact</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Lots of inquiries and discussions about the semiconductor market this week, stock market movements relatively flatNvidia up 11%, AMD up 7%, Microsoft up 4% last weekMarket experiencing a dialing back of hype, some names still overvalued, but overall growth dynamics in semiconductors still intactThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Episode 79: Not Your Grandfathers Data Center

United States

Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. The Company offers products such as microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products and supplies it to third-party foundries, as well as provides assembling, testing, and packaging services. AMD serves customers worldwide.

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Advanced Micro Devices (AMD US)

Taiwan Tech Weekly: Nvidia Results Imminent; Apple IPhone 16 Reveal Date; Micron's Taiwan Expansion

Nvidia, Dell, and Marvell to soon release results, while Micron considers Taiwan expansion and AMD acquires U.S. server integrator in industry of...

Vincent Fernando, CFA

Intel Missed the Party, while AMD's ZT Systems is the Bet to Stay in the Game

First, let’s start with Intel. Intel had a pretty poor earnings result. There’s no two ways about it. Intel reports Q2 EPS $0.02 ex-items vs...

Fabricated Knowledge

AMD. Making Sense Of The Proposed Xilinx Acquisition.

If the ~$5 billion (minus what it can get for ZT Systems manufacturing operations) AMD is paying to get its hands on 1,000 data center engineers...

William Keating

AMD Scales Up Just As Intel Scales Down

AMD to buy ZT Systems for $4.9 billion. The real target is the 1,000 strong data center R&D team, which aligns with their #1 strategic priority of...

William Keating

Episode 79: Not Your Grandfathers Data Center

Conversations focused on the performance of semiconductor stocks, including Nvidia up 11%, AMD up 7%, and Microsoft up 4%, with questions arising...

The Circuit

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