Taiwan Tech Focused Senior Analyst

Patrick Liao

Being invited, I joined Sellside, i.e. JPMorgan, Nomura and Macquarie, totally around 9-10 years. Before that, I joined International Data Corp (https://www.idc.com/) to be the Asia Semiconductor analyst for nearly 2 years, and being invited to do personal lectures in TSMC, UMC, Samsung and etc. In my working experiences, I also had the chance to join Taiwanese panel company, AUO (2409.TT) and the buyside, Chinalife (2823.TT), totally for over 1 year.
I obtained MS degree from the Tsing-Hua University. Then I worked in the Taiwan Semiconductor companies for around 11 years. I had several US patents during my stay in the Semiconductor industry.

Being worked in the sellside and buyside, I deeply dived in the Greater China Semiconductor industry and directly covered some companies, like TSMC (2330.TT, TSM.US), UMC (2303.TT, UMC.US), Vanguard (5347.TT), ASE (3711.TT, ASX.US), SPIL (merged with ASE and delisted), KYEC ( 2449.TT), JCET (600584.CH), ASMPT (522.HK), GWC (6488.TT), WinSemi (3105.TT), Mediatek (2454.TT), Silergy (6415.TT), Novatek (3034.TT), Guoxin Micro (002049.CH) etc.

Silergy (6415.TT): Price Increase Effective July 1st.

Primer: Realtek Semiconductor (2379 TT) - Apr 2026

Silergy (6415.TT): Strong May Revenue Growth of 30.6% YoY.

Silergy (6415.TT): Demand of PMIC IC Shall Be Uprising Since 2H26

Equity Bottom-Up

<ul>
<li>The Investment Logic Behind <a href="https://www.smartkarma.com/entities/realtek-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:7326:1" rel="noopener">Realtek Semiconductor (2379 TT)</a>’s Share Price Strength has several layers.  </li>
<li>As a result, capital has begun rotating from expensive AI-related stocks into mid- and large-cap IC design companies. Realtek fits several of the market’s favored investment themes.</li>
<li>As a result, capital has begun rotating from expensive AI-related stocks into mid- and large-cap IC design companies. Realtek fits several of the market’s favored investment themes.</li>
</ul>


The Investment Logic Behind Realtek Semiconductor (2379 TT)’s Share Price Strength has several layers.  
As a result, capital has begun rotating from expensive AI-related stocks into mid- and large-cap IC design companies. Realtek fits several of the market’s favored investment themes.
As a result, capital has begun rotating from expensive AI-related stocks into mid- and large-cap IC design companies. Realtek fits several of the market’s favored investment themes.


Global Mixed Mode Technology Inc (8081 TT)

Realtek (2379.TT): Five Layers for Investment Logic.