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) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>MediaTek Joins Forces with NVIDIA on the GB10 Superchip -- Locally-Run AI Models Are Coming to Your Desktop</li>
<li>TSMC’s 2nm Price Hike Spurs Interest in Samsung, But Underscores Its Strength</li>
<li>Latest for Smartphone Demand 3Q25: A Little Bit Better, Just a Little </li>
</ul>


MediaTek Joins Forces with NVIDIA on the GB10 Superchip -- Locally-Run AI Models Are Coming to Your Desktop
TSMC’s 2nm Price Hike Spurs Interest in Samsung, But Underscores Its Strength
Latest for Smartphone Demand 3Q25: A Little Bit Better, Just a Little 


Taiwan Tech Weekly: Mediatek & Nvidia Announce GB10 Partnership; TSMC's Prices Spur Samsung Interest

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Samsung has scaled back its Texas fab plans from 44 billion to 37 billion, but the summit may bring a top-up with Intel and Amkor partnerships.</li>
<li>Intel is shifting glass substrate patents to an Arm-like royalty model backed by SoftBank’s 2 billion stake and a 10 percent US government holding.</li>
<li>Samsung's partnership would show alignment with US semiconductor policy at a time when subsidies and political backing matter as much as technology.</li>
</ul>


Samsung has scaled back its Texas fab plans from 44 billion to 37 billion, but the summit may bring a top-up with Intel and Amkor partnerships.
Intel is shifting glass substrate patents to an Arm-like royalty model backed by SoftBank’s 2 billion stake and a 10 percent US government holding.
Samsung's partnership would show alignment with US semiconductor policy at a time when subsidies and political backing matter as much as technology.


At the US-Korea Summit, Samsung’s Next Move Could Reshape the US Chipboard

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Amkor Technology reported strong financial performance for the second quarter of 2025 with revenue reaching $1.51 billion, representing a sequential increase of 14% and a year-on-year rise of 3%.</li><li>All end markets saw double-digit sequential growth, spearheading the revenue uplift.</li><li>Gross profit stood at $182 million with a gross margin of 12%, reflecting costs associated with ramping up new high-density fan-out products and advanced system-in-package (SiP) for upcoming high-volume production.</li></ul>

Amkor Technology reported strong financial performance for the second quarter of 2025 with revenue reaching $1.51 billion, representing a sequential increase of 14% and a year-on-year rise of 3%.All end markets saw double-digit sequential growth, spearheading the revenue uplift.Gross profit stood at $182 million with a gross margin of 12%, reflecting costs associated with ramping up new high-density fan-out products and advanced system-in-package (SiP) for upcoming high-volume production.

<ul>
<li>TSMC’s Next Generation 2nm Node Gathers Momentum as Intel Lags Behind</li>
<li>TSMC’s Arizona Plant Ships First AI Chips — But Taiwan Remains Core to Packaging</li>
<li>MediaTek (2454.TT): Chinese Stimulus Program Might Lose Actively; Google DPU Project Delay to 2026. </li>
</ul>


TSMC’s Next Generation 2nm Node Gathers Momentum as Intel Lags Behind
TSMC’s Arizona Plant Ships First AI Chips — But Taiwan Remains Core to Packaging
MediaTek (2454.TT): Chinese Stimulus Program Might Lose Actively; Google DPU Project Delay to 2026. 


Taiwan Tech Weekly: TSMC's 2nm Node to Generate Largest Revenue Ever; US Bottleneck in Adv Packaging

<ul><li>Amkor Technology reported its first-quarter financial results for 2025, delivering revenue of $1.32 billion, which reached the upper end of the company’s guidance.</li><li>Earnings per share (EPS) stood at $0.09, pressured by increased research and development (R&D) expenses dedicated to advancing RDL technology for upcoming programs.</li><li>The company's global manufacturing operations have largely remained insulated from current tariffs and ongoing trade regulations due to their presence in free trade zones, minimizing direct impacts from U.S. import tariffs.</li></ul>

Amkor Technology reported its first-quarter financial results for 2025, delivering revenue of $1.32 billion, which reached the upper end of the company’s guidance.Earnings per share (EPS) stood at $0.09, pressured by increased research and development (R&D) expenses dedicated to advancing RDL technology for upcoming programs.The company's global manufacturing operations have largely remained insulated from current tariffs and ongoing trade regulations due to their presence in free trade zones, minimizing direct impacts from U.S. import tariffs.

Amkor Technology: The Advanced Packaging Solutions, Semiconductor Growth & Other Major Drivers!

United States

Amkor Technology, Inc. provides semiconductor packaging and test services.  The Company offers deep submicron wafer fabrication, wafer probe testing, integrated circuit packaging assembly and design, final testing, reliability testing, burn-in, and electrical characterization.

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Amkor Technology (AMKR US)

Taiwan Tech Weekly: Mediatek & Nvidia Announce GB10 Partnership; TSMC's Prices Spur Samsung Interest

MediaTek partners with NVIDIA for GB10 Superchip, bringing locally-run AI models to desktops. TSMC's 2nm price hike boosts interest in Samsung....

Vincent Fernando, CFA

At the US-Korea Summit, Samsung’s Next Move Could Reshape the US Chipboard

Samsung could weigh deeper US bets through Intel and Amkor bets as Intel pivots glass substrate patents into a licensing model.

Mint Finance

Amkor Technology: Advanced Packaging

Amkor Technology reported strong financial performance for the second quarter of 2025 with revenue reaching $1.51 billion, representing a...

Baptista Research

Taiwan Tech Weekly: TSMC's 2nm Node to Generate Largest Revenue Ever; US Bottleneck in Adv Packaging

TSMC's advancements in 2nm node technology outpace Intel, while Arizona plant ships AI chips and Taiwan remains central to packaging. MediaTek...

Vincent Fernando, CFA

Amkor Technology: The Advanced Packaging Solutions, Semiconductor Growth & Other Major Drivers!

Amkor Technology reported its first-quarter financial results for 2025, delivering revenue of $1.32 billion, which reached the upper end of the...

Baptista Research

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52-week Range

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Taiwan Tech Weekly: Mediatek & Nvidia Announce GB10 Partnership; TSMC's Prices Spur Samsung Interest

​MediaTek partners with NVIDIA for GB10 Superchip, bringing locally-run AI models to desktops. TSMC's 2nm price hike boosts interest in Samsung....

Vincent Fernando, CFA

At the US-Korea Summit, Samsung’s Next Move Could Reshape the US Chipboard

Samsung could weigh deeper US bets through Intel and Amkor bets as Intel pivots glass substrate patents into a licensing model.

Mint Finance

Amkor Technology: Advanced Packaging

Amkor Technology reported strong financial performance for the second quarter of 2025 with revenue reaching $1.51 billion, representing a...

Baptista Research

Taiwan Tech Weekly: TSMC's 2nm Node to Generate Largest Revenue Ever; US Bottleneck in Adv Packaging

​TSMC's advancements in 2nm node technology outpace Intel, while Arizona plant ships AI chips and Taiwan remains central to packaging. MediaTek...

Vincent Fernando, CFA

Amkor Technology: The Advanced Packaging Solutions, Semiconductor Growth & Other Major Drivers!

Amkor Technology reported its first-quarter financial results for 2025, delivering revenue of $1.32 billion, which reached the upper end of the...

Baptista Research

MediaTek partners with NVIDIA for GB10 Superchip, bringing locally-run AI models to desktops. TSMC's 2nm price hike boosts interest in Samsung....

TSMC's advancements in 2nm node technology outpace Intel, while Arizona plant ships AI chips and Taiwan remains central to packaging. MediaTek...