Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years experience researching capital markets across Asia and the USA.

Managing Director, Zero One

Taiwan Tech Weekly: AMD Wins First Training Chip Order Outside NVIDIA; NVDA Prepays Amkor's Capex

China Optoelectronics: Powering AI's Voracious Bandwidth Needs

Taiwan Tech Weekly: NVIDIA Guarantees Its AI Landlords; Quanta Raises Asia's Biggest GDR

Taiwan Revenue Signals -- Memory Growth Stalls While AI Servers Remain Robust

Taiwan Tech Weekly: Intel Pulls Chip Orders Back From TSMC to Its Own Leading-Edge Fab

TechChain Insights Q&A: How Lotes's Value Drivers Have Transformed Due to AI Demand

Taiwan Dual-Listings Monitor: Multiple ADR Spreads Due for a Bounce

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>
AI's compute build re-accelerated broadly in June: chain revenue growth stepped up to +61% YoY across server ODMs and infrastructure, with even ASUS's rebound crediting AI servers rather than PCs.</li>
<li>
Memory's price surge settled to an ordinary pace: sequential revenue growth cooled to +7% MoM from April's +32%, though company commentary says prices keep rising and cycle has not turned.</li>
<li>
AI demand is now tightening component supply at the consumer end: a casing maker blamed shortages for weak notebook shipments, and consumer PCs still lag the AI cohort.</li>
</ul>



AI's compute build re-accelerated broadly in June: chain revenue growth stepped up to +61% YoY across server ODMs and infrastructure, with even ASUS's rebound crediting AI servers rather than PCs.

Memory's price surge settled to an ordinary pace: sequential revenue growth cooled to +7% MoM from April's +32%, though company commentary says prices keep rising and cycle has not turned.

AI demand is now tightening component supply at the consumer end: a casing maker blamed shortages for weak notebook shipments, and consumer PCs still lag the AI cohort.


AI Supply Chain Revenue Signals: The Memory Surge Settles While AI Server Demand Broadens