Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

Taiwan Tech Weekly: AI Plays Weak Ahead of Nvidia Results Today; Intel & UMC; ARM & Novatek

Taiwan Dual-Listings Monitor: TSMC Post-CNY Spread Persisting; Why UMC Discount Could Flip Positive

Taiwan Dual-Listings Monitor: Long TSMC Taiwan Shares Vs. ADR on Historically High Spread; UMC, ASE

Intel's UMC Partnership Is A Big Deal. For UMC.

UMC (2303.TT; UMC.US): There Is a Greater Chance for a Rebound in 2Q24F.

UMC's Results Show How Intel's New Foundry Business Is Poised to Become More Valuable

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

United Microelectron Sp Adr / Equity Bottom-Up

<ul>
<li>UMC spoke at an investment bank's recent conference, providing additional color on guidance and its collaboration with Intel for 12nm chip production.</li>
<li>UMC comments imply the key synergies between the two companies, whereby each can solve the other's key problem,</li>
<li>While UMC most likely needs to remain a "Taiwanese company" in terms of optics given its history, Intel's synergies with UMC establishes acquisition-value support for UMC shares in our view.</li>
</ul>


UMC spoke at an investment bank's recent conference, providing additional color on guidance and its collaboration with Intel for 12nm chip production.
UMC comments imply the key synergies between the two companies, whereby each can solve the other's key problem,
While UMC most likely needs to remain a "Taiwanese company" in terms of optics given its history, Intel's synergies with UMC establishes acquisition-value support for UMC shares in our view.


United Microelectronics Is Becoming a Great Long-Term Acquisition Target for Intel