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>TI is experiencing 50%+ YoY growth in data center, showing no signs of AI server demand slowdown.</li>
<li>KLA calls 2nm a “compelling” node, projecting it could be the industry’s largest over first three years.</li>
<li>Taiwan Tech positioned to benefit via TSMC N2 ramp, CoWoS packaging, and ABF substrate expansion.</li>
</ul>


TI is experiencing 50%+ YoY growth in data center, showing no signs of AI server demand slowdown.
KLA calls 2nm a “compelling” node, projecting it could be the industry’s largest over first three years.
Taiwan Tech positioned to benefit via TSMC N2 ramp, CoWoS packaging, and ABF substrate expansion.


Texas Instruments & KLA Signal Continued AI Strength, Foreshadow TSMC’s 2nm Breakout

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 Aug 8th. The aggregated short interest was USD25.3bn.</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 Lite-On Technology, CTBC Financial, Taishin Financial, Realtek Semiconductor, ASE Industrial, Lite-On Technology, CTBC Financial, Taishin Financial, Realtek Semiconductor, ASE Industrial.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Aug 8th. The aggregated short interest was USD25.3bn.
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 Lite-On Technology, CTBC Financial, Taishin Financial, Realtek Semiconductor, ASE Industrial, Lite-On Technology, CTBC Financial, Taishin Financial, Realtek Semiconductor, ASE Industrial.


TWSE Short Interest Weekly (Aug 8th): Lite-On Technology, CTBC Financial, Taishin Financial

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 1st. The aggregated holding was USD1,155.3bn.</li>
<li>We estimate that foreign flows to be inflows of USD659mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, Quanta Computer, Hon Hai Precision, Taishin Financial, MediaTek, TSMC, Quanta Computer, Hon Hai Precision, Taishin Financial, Mediatek.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 1st. The aggregated holding was USD1,155.3bn.
We estimate that foreign flows to be inflows of USD659mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, Quanta Computer, Hon Hai Precision, Taishin Financial, MediaTek, TSMC, Quanta Computer, Hon Hai Precision, Taishin Financial, Mediatek.


TWSE Foreign Holding Weekly (Aug 1st): TSMC, Quanta Computer, Hon Hai Precision, Taishin Financial

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 25th. The aggregated holding was USD1,172.5bn.</li>
<li>We estimate that foreign flows to be inflows of USD3,804mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Taishin Financial, Hon Hai Precision, TSMC, MediaTek, CTBC Financial, Taishin Financial, Hon Hai Precision, TSMC, Mediatek, Ctbc Financial.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 25th. The aggregated holding was USD1,172.5bn.
We estimate that foreign flows to be inflows of USD3,804mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Taishin Financial, Hon Hai Precision, TSMC, MediaTek, CTBC Financial, Taishin Financial, Hon Hai Precision, TSMC, Mediatek, Ctbc Financial.


TWSE Foreign Holding Weekly (Jul 25th): Taishin Financial, Hon Hai Precision, TSMC, MediaTek

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jul 25th. The aggregated short interest was USD25.5bn.</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 Jinan Acetate Chemical, LARGAN Precision, MiTAC, CTBC Financial, Taishin Financial, Jinan Acetate Chemical, LARGAN Precision, MiTAC, CTBC Financial, Taishin Financial.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jul 25th. The aggregated short interest was USD25.5bn.
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 Jinan Acetate Chemical, LARGAN Precision, MiTAC, CTBC Financial, Taishin Financial, Jinan Acetate Chemical, LARGAN Precision, MiTAC, CTBC Financial, Taishin Financial.


TWSE Short Interest Weekly (Jul 25th): Jinan Acetate Chemical, LARGAN Precision, MiTAC

Taiwan

Powertech Technology Inc. tests, packages, and assembles integrated circuits (ICS).  The Company's products and services include memory product test and various kinds of IC package services, such as thin small-outline package (TSOP) services.

Price Gauge
52-week Range	0.00 - 0.00
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Powertech Technology (6239 TT)

Texas Instruments & KLA Signal Continued AI Strength, Foreshadow TSMC’s 2nm Breakout

TI's data center growth remains strong with 50% YoY growth, KLA sees potential in 2nm node to be the largest ever, Taiwan Tech set to benefit from...

Vincent Fernando, CFA

TWSE Short Interest Weekly (Aug 8th): Lite-On Technology, CTBC Financial, Taishin Financial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Lite-On Technology (2301 TT), CTBC Financial...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Aug 1st): TSMC, Quanta Computer, Hon Hai Precision, Taishin Financial

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC (2330 TT), Quanta Computer (2382 TT), Hon...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Jul 25th): Taishin Financial, Hon Hai Precision, TSMC, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Taishin Financial (2887 TT), Hon Hai Precision...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jul 25th): Jinan Acetate Chemical, LARGAN Precision, MiTAC

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Jinan Acetate Chemical (4763 TT), LARGAN...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Texas Instruments & KLA Signal Continued AI Strength, Foreshadow TSMC’s 2nm Breakout

​TI's data center growth remains strong with 50% YoY growth, KLA sees potential in 2nm node to be the largest ever, Taiwan Tech set to benefit from...

Vincent Fernando, CFA

TWSE Short Interest Weekly (Aug 8th): Lite-On Technology, CTBC Financial, Taishin Financial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Lite-On Technology (2301 TT), CTBC Financial...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Aug 1st): TSMC, Quanta Computer, Hon Hai Precision, Taishin Financial

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC (2330 TT), Quanta Computer (2382 TT), Hon...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Jul 25th): Taishin Financial, Hon Hai Precision, TSMC, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Taishin Financial (2887 TT), Hon Hai Precision...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jul 25th): Jinan Acetate Chemical, LARGAN Precision, MiTAC

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Jinan Acetate Chemical (4763 TT), LARGAN...

Ke Yan, CFA, FRM

TI's data center growth remains strong with 50% YoY growth, KLA sees potential in 2nm node to be the largest ever, Taiwan Tech set to benefit from...