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

Hon Hai Precision Industry / Equity Bottom-Up

<ul>
<li>COMPUTEX 2026's first AI Robotics Zone showcased Taiwan's pitch:  supply enabling Physical AI solutions — motion, reducers, vision,  edge-AI compute — rather than build robot brands, echoing its semiconductor  playbook.</li>
<li>Commercially, the floor ran on robot arms and wheeled-base units for  manufacturing and logistics, plus edge-AI compute and machine vision; bipedal humanoids were mostly showpieces, with volume three-to-five years out.</li>
<li>High-Precision reducers remain a Japanese stronghold (Harmonic Drive  6324 JP, Nabtesco 6268 JP), but listed Taiwanese names are climbing: Turvo  (2233 TT) debuted a micro harmonic reducer at the show.</li>
</ul>


COMPUTEX 2026's first AI Robotics Zone showcased Taiwan's pitch:  supply enabling Physical AI solutions — motion, reducers, vision,  edge-AI compute — rather than build robot brands, echoing its semiconductor  playbook.
Commercially, the floor ran on robot arms and wheeled-base units for  manufacturing and logistics, plus edge-AI compute and machine vision; bipedal humanoids were mostly showpieces, with volume three-to-five years out.
High-Precision reducers remain a Japanese stronghold (Harmonic Drive  6324 JP, Nabtesco 6268 JP), but listed Taiwanese names are climbing: Turvo  (2233 TT) debuted a micro harmonic reducer at the show.


TechChain Insights: COMPUTEX 2026 -- On the Ground with Physical AI's New Supply Chain

<ul>
<li>Mike Sayre previously co-founded KABAM Robotics, the Singapore-founded autonomous-robot business that operates as the advanced-engineering arm of Taiwan-listed PATEC Group (Patec Precision Industry (2236 TT)).</li>
<li>For Physical AI, the missing layer is a tactile-force data engine, not more compute. Billions are flowing into vision-only training, but high-fidelity interaction-force data that vision-language-tactile models need is scarce.</li>
<li>Taiwan already dominates the mechanical layers a robot needs to move and act. The sim-to-real gap is widest on contact physics -- sensors for material compliance, friction, and tactile feedback.</li>
</ul>


Mike Sayre previously co-founded KABAM Robotics, the Singapore-founded autonomous-robot business that operates as the advanced-engineering arm of Taiwan-listed PATEC Group (Patec Precision Industry (2236 TT)).
For Physical AI, the missing layer is a tactile-force data engine, not more compute. Billions are flowing into vision-only training, but high-fidelity interaction-force data that vision-language-tactile models need is scarce.
Taiwan already dominates the mechanical layers a robot needs to move and act. The sim-to-real gap is widest on contact physics -- sensors for material compliance, friction, and tactile feedback.


TechChain Insights Q&A: 'Force Blindness' Is Physical AI's Bottleneck - More Important Than Compute

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jan 23rd. The aggregated short interest was USD29.5bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Hon Hai Precision, Fortune Electric, Wistron, Innolux, AU Optronics.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jan 23rd. The aggregated short interest was USD29.5bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Hon Hai Precision, Fortune Electric, Wistron, Innolux, AU Optronics.


TWSE Short Interest Weekly (Jan 23rd): Hon Hai Precision, Fortune Electric, Wistron, Innolux

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jan 9th. The aggregated short interest was USD28.7bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Fortune Electric, Alchip Technologies, Innolux, LARGAN Precision, Asustek Computer.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jan 9th. The aggregated short interest was USD28.7bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Fortune Electric, Alchip Technologies, Innolux, LARGAN Precision, Asustek Computer.


TWSE Short Interest Weekly (Jan 9th): Fortune Electric, Alchip Technologies, Innolux

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jan 9th. The aggregated short interest was USD28.8bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Chailease, Fortune Electric, Alchip Technologies, Innolux, LARGAN Precision.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jan 9th. The aggregated short interest was USD28.8bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Chailease, Fortune Electric, Alchip Technologies, Innolux, LARGAN Precision.


TWSE Short Interest Weekly (Jan 9th): Chailease, Fortune Electric, Alchip Technologies, Innolux

Taiwan

Hota Industrial Manufacturing Co., Ltd. manufactures gears and shafts for automobiles, motorcycles, and agricultural tractors.

Price Gauge
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Hota Industrial Mfg (1536 TT)

TechChain Insights: COMPUTEX 2026 -- On the Ground with Physical AI's New Supply Chain

Taiwan's focus at COMPUTEX 2026's AI Robotics Zone is on supplying enabling Physical AI solutions rather than building robot brands, echoing its...

Vincent Fernando, CFA

TechChain Insights Q&A: 'Force Blindness' Is Physical AI's Bottleneck - More Important Than Compute

Mike Sayre co-founded KABAM Robotics, the advanced-engineering arm of Taiwan-listed PATEC Group. The missing layer in robotics now is tactile...

Vincent Fernando, CFA

TWSE Short Interest Weekly (Jan 23rd): Hon Hai Precision, Fortune Electric, Wistron, Innolux

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Hon Hai Precision, Fortune Electric, Wistron,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jan 9th): Fortune Electric, Alchip Technologies, Innolux

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Fortune Electric, Alchip Technologies, Innolux,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jan 9th): Chailease, Fortune Electric, Alchip Technologies, Innolux

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Chailease, Fortune Electric, Alchip...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

TechChain Insights: COMPUTEX 2026 -- On the Ground with Physical AI's New Supply Chain

​Taiwan's focus at COMPUTEX 2026's AI Robotics Zone is on supplying enabling Physical AI solutions rather than building robot brands, echoing its...

Vincent Fernando, CFA

TechChain Insights Q&A: 'Force Blindness' Is Physical AI's Bottleneck - More Important Than Compute

​Mike Sayre co-founded KABAM Robotics, the advanced-engineering arm of Taiwan-listed PATEC Group. The missing layer in robotics now is tactile...

Vincent Fernando, CFA

TWSE Short Interest Weekly (Jan 23rd): Hon Hai Precision, Fortune Electric, Wistron, Innolux

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Hon Hai Precision, Fortune Electric, Wistron,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jan 9th): Fortune Electric, Alchip Technologies, Innolux

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Fortune Electric, Alchip Technologies, Innolux,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jan 9th): Chailease, Fortune Electric, Alchip Technologies, Innolux

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Chailease, Fortune Electric, Alchip...

Ke Yan, CFA, FRM

Taiwan's focus at COMPUTEX 2026's AI Robotics Zone is on supplying enabling Physical AI solutions rather than building robot brands, echoing its...

Mike Sayre co-founded KABAM Robotics, the advanced-engineering arm of Taiwan-listed PATEC Group. The missing layer in robotics now is tactile...