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): Announced June Month Revenue Showed

Silergy (6415.TT): 3Q26 Outlook: Management Remains Bullish

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

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

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

Equity Bottom-Up

<ul>
<li>The Reasons Behind U.S. Weakness Are Not Necessarily the Reasons for Taiwan Weakness</li>
<li>Taiwan Has Its Own Industry-Specific Catalysts and The companies we have been following closely: <a href="https://www.smartkarma.com/entities/silergy-corp" target="_blank" data-smartkarma-citation="entities:13998:1" rel="noopener">Silergy Corp (6415 TT), </a><a href="https://www.smartkarma.com/entities/vanguard-international-semi" target="_blank" data-smartkarma-citation="entities:16011:1" rel="noopener">Vanguard Intl Semiconductor (5347 TT)</a> and <a href="https://www.smartkarma.com/entities/globalwafers-co-ltd" target="_blank" data-smartkarma-citation="entities:17916:1" rel="noopener">Globalwafers (6488 TT).</a>
</li>
<li>This Is Actually a Positive Signal for Silergy if we observe: The broader Taiwan market remains positive, U.S. equities close lower but Taiwan doesn't follow, Capital continues flowing into AI-sectors.</li>
</ul>


The Reasons Behind U.S. Weakness Are Not Necessarily the Reasons for Taiwan Weakness
Taiwan Has Its Own Industry-Specific Catalysts and The companies we have been following closely: Silergy Corp (6415 TT), Vanguard Intl Semiconductor (5347 TT) and Globalwafers (6488 TT).

This Is Actually a Positive Signal for Silergy if we observe: The broader Taiwan market remains positive, U.S. equities close lower but Taiwan doesn't follow, Capital continues flowing into AI-sectors.


Silergy (6415.TT): Our Preferred Pick Among 8-Inch Foundries and Silicon Wafer Manufacturers.