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 Dual-Listings Monitor: TSMC Spread Sinks Sharply; ASE Near Parity Again

Taiwan Tech Weekly: Mediatek & Nvidia Announce GB10 Partnership; TSMC's Prices Spur Samsung Interest

Taiwan Tech Weekly: TSMC's Market Share Keeps Rising; Semi Revenues Show AI the Only Pillar; AI PCs

TSMC (2330.TT; TSM.US): 4Q25 Outlook Slightly Softer; US Fab to Dilute GM; AI Remains Key Driver.

TSMC: New Signals Underscore N2’s Rise as a Blockbuster Node

TSMC (2330.TT; TSM.US): U.S. Stocks Plunged on October 10 Under Heavy Selling Pressure.

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) - ADR / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR (TSM US)

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>TSMC 3Q25: Margins Surge as Pricing Power Strengthens Ahead of 2nm Ramp</li>
<li>AI Megatrend Continues to Reshape Demand - 40% CAGR Expected for AI Accelerators Through 2029</li>
<li>Maintain Structural Long Rating -- TSMC Remains Inexpensive vs. Tech Companies Highly Dependent on It</li>
</ul>


TSMC 3Q25: Margins Surge as Pricing Power Strengthens Ahead of 2nm Ramp
AI Megatrend Continues to Reshape Demand - 40% CAGR Expected for AI Accelerators Through 2029
Maintain Structural Long Rating -- TSMC Remains Inexpensive vs. Tech Companies Highly Dependent on It


TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

Why TSMC 3Q25 Indicates Strong AI Accelerator Demand Through 2029E; Maintain Structural Long Rating