Managing Director, Zero One, Zero One

Vincent Fernando, CFA

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

Managing Director, Zero One

TechChain Insights Q&A: GUC's AI Boom Is Now a CPU Story, Testing the Next Bottleneck

Taiwan Tech Weekly: Micron Guides Memory to US$50bn, Korea's US$1.3tn Bet Sends Memory Shares Lower

Taiwan Tech Weekly: Memory's Big Run Wobbles, But Other Supply Chain Shortages Keep Broadening

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

Taiwan Tech Weekly: Chips Rebound After Record Selloff; Rotation Out of Servers Into Semi Equipment

Taiwan Dual-Listings Monitor: ADR Spreads Staged Major Reversion

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>Advanced packaging scarcity hardened from lead times into contracts: TSMC signed its first publicly disclosed 10-year deal, while tool makers Grand Process and Scientech booked orders to 2030.</li>
<li>Intel responded late in the week, hiring SK Hynix's former chief executive to build its own packaging-focused foundry and reportedly teaming with UMC on advanced processes.</li>
<li>Memory and passives led Taiwan and Korea higher, with Winbond, Nanya, Murata and Yageo up 29% to 40% as memory and MLCC prices climbed.</li>
</ul>


Advanced packaging scarcity hardened from lead times into contracts: TSMC signed its first publicly disclosed 10-year deal, while tool makers Grand Process and Scientech booked orders to 2030.
Intel responded late in the week, hiring SK Hynix's former chief executive to build its own packaging-focused foundry and reportedly teaming with UMC on advanced processes.
Memory and passives led Taiwan and Korea higher, with Winbond, Nanya, Murata and Yageo up 29% to 40% as memory and MLCC prices climbed.


TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

Taiwan Tech Weekly: Packaging Scarcity Locks In to 2030, Intel Builds New Capacity to Compete