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: 2026 Chip Forecasts Remain Robust; Robots as Taiwan's Next Driver; Memory 1Q25

TSMC, UMC Monthly Sales: A Tale of 2 Worlds

TSMC News: Kumamoto Postponed, Maybe Germany Too. Arizona Accelerating. N2 Yield Rates.

Taiwan Dual-Listings Monitor: TSMC Premium Rises Further, to Short Level; UMC Discount

TSMC (2330.TT; TSM.US): Holds Shareholders’ Meeting on June 3rd.

Taiwan Tech Weekly: Mediatek's New Chip Could Outperform Apple's; Samsung Beats TSMC, Wins Nintendo

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

Taiwan Semiconductor (TSMC) - ADR / Equity Bottom-Up

Taiwan Semiconductor (TSMC) - ADR (TSM US)

<ul>
<li>TSMC: +23.4% Premium; Consider Shorting ADR Spread at Current Level</li>
<li>UMC: 1.5% Premium; Wait for More Extreme Premium Before Going Short the Spread</li>
<li>ASE: +4.4% Premium; Wait for Higher Premium Before Going Short</li>
</ul>


TSMC: +23.4% Premium; Consider Shorting ADR Spread at Current Level
UMC: 1.5% Premium; Wait for More Extreme Premium Before Going Short the Spread
ASE: +4.4% Premium; Wait for Higher Premium Before Going Short


대만 이중 상장 모니터: TSMC 프리미엄 돌파는 역사적으로 최고 수준에 도달