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  "documentTitle": "Lasertec Corporation (6920)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2024-06-05 00:00:00",
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      "text": "The A300 is nothing more than a cover story to mislead investors and spin a damage-control and recall effort as a “new” product.",
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      "text": "Photos of the ACTIS A150 and A300",
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      "text": "Our research indicates that the entire A300 story is a fraud to conceal fatal flaws with the Ushio-supplied EUV source in the A150. Lasertec's stock would have imploded had the company revealed that the A150 source – the key component of an EUV inspection tool – was defective. Lasertec was forced to swap the Ushio source with one sourced from a Russian company called Isteq, which it simply renamed Urashima to make it appear as a Japanese-developed in-house technology. The A300 is nothing more than a cover story to mislead investors and spin a damage-control and recall effort as a “new” product. Even the photos of both products on Lasertec’s site are identical except for different lettering.",
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      "text": "Source: https://www.lasertec.co.jp/en/products/semiconductor/actis_a150.html; https://www.lasertec.co.jp/en/products/semiconductor/actis_a300.html",
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