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.

Taiwan Tech Weekly: TSMC's Capacity Crunch; Latest Intel on Leading Edge Yield

TSMC Results: Leading-Edge Nodes Push Margins and Growth Above 2026E Market Assumptions

TSMC (2330.TT; TSM.US): 2026: ~30% YoY Growth Amid Geopolitical & Demand Risks

TSMC (2330.TT; TSM.US): Retired Sr. VP Joins Intel; U.S. Fab Impact; Arizona Earnings Decline.

TSMC (2330.TT; TSM.US): Is It Possible TSMC' Output Reach a 50:50 Ratio Between the U.S. And Taiwan?

TSMC (2330.TT; TSM.US): 4Q25/2025 Outlook Could Outperform; 2nm Is Likely to Largest Adopted in 2026

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-adr" target="_blank" data-smartkarma-citation="entities:8587:1" rel="noopener">TSMC (Taiwan Semiconductor Manufacturing) - ADR (TSM US)</a> annual growth rate for 2026 is expected to reach 20%+.</li>
<li>N3, N4, and N5 processes are currently cross-fabricating to Taichung Fab 15 for metal layer production.</li>
<li>
<a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> is anticipated to be a key customer driving significant growth in 2026, fueled by demand of AI.  </li>
</ul>



TSMC (Taiwan Semiconductor Manufacturing) - ADR (TSM US) annual growth rate for 2026 is expected to reach 20%+.
N3, N4, and N5 processes are currently cross-fabricating to Taichung Fab 15 for metal layer production.

NVIDIA Corp (NVDA US) is anticipated to be a key customer driving significant growth in 2026, fueled by demand of AI.  


TSMC (2330.TT; TSM.US): 2026 Growth >20%; N3/N2 Capacity & Yield; Main Clients’ Focus.