Managing Director, Zero One, Zero One

Vincent Fernando, CFA

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

Managing Director, Zero One

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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>Micron reported US$32bn of customer commitments, mostly cash deposits, with 75% of fiscal 2027 output committed and most 2027 HBM contracted above 2026 prices.</li>
<li>Broadcom will lend Anthropic up to US$42bn as Anthropic's IPO filing lists US$518bn of compute obligations against about US$4.6bn of 2025 revenue.</li>
<li>Amazon bought a NT$1.59bn Gold Circuit stake, Samsung Electro-Mechanics is expanding substrates on reported NVIDIA prepayments, and phone makers cut memory demand 30% to 40%.</li>
</ul>


Micron reported US$32bn of customer commitments, mostly cash deposits, with 75% of fiscal 2027 output committed and most 2027 HBM contracted above 2026 prices.
Broadcom will lend Anthropic up to US$42bn as Anthropic's IPO filing lists US$518bn of compute obligations against about US$4.6bn of 2025 revenue.
Amazon bought a NT$1.59bn Gold Circuit stake, Samsung Electro-Mechanics is expanding substrates on reported NVIDIA prepayments, and phone makers cut memory demand 30% to 40%.


The Blade Weekly: Micron Customers Post US$32bn of Deposits, Broadcom Lends Anthropic up to US$42bn