{ "docId": "019dd923-622c-750b-8b9a-0f4bec37392f", "docSlug": "f982379e2e48", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 163, "pageCount": 334, "prevPage": 162, "nextPage": 164, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "Uses a quote from a Global Foundries executive to undermine the credibility of Lasertec's ACTIS A300 announcement.", "elementsJson": [ "paragraph", "callout_box", "screenshot" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-0f4bec37392f/163", "deckHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f#slide-163", "components": [ { "bbox": { "h": 0.15, "w": 0.86, "x": 0.07, "y": 0.45 }, "kind": "callout", "text": "ACTIS A300 is just a press release timed to coincide with Intel's High NA EUV announcement\n“I have not even heard of a single A300 system, a 300 system that shipped even. I don’t know if it’s pure vaporware, and it’s just a press release to match the shipment of the first High-NA system to Intel, and they want to match that press release.” – Longtime executive at Global Foundries; directly involved with Lasertec and all aspects of mask inspection", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f6e62074-f427-4a58-a888-7e8c8835f631", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "I have not even heard of a single A300 system, a 300 system that shipped even. I don't know if it's pure vaporware, and it's just a press release to match the shipment of the first High-NA system to Intel, and they want to match that press release.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-78b6-764f-bc83-fa0a01e1f6e1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.7, "x": 0.07, "y": 0.63 }, "kind": "paragraph", "text": "Dec 2023 press release announcing first shipment of ASML High NA system to Intel\nASML ships first \"High NA\" lithography system to Intel - statement\nAMSTERDAM (Reuters) -Dutch semiconductor equipment maker ASML said on Thursday it is shipping the first of its new \"High NA\" extreme ultraviolet lithography systems to Intel Corp.\nThe new machines, which will cost more than $300 million each, are expected to help computer chip makers produce smaller, faster semiconductors.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "782837bb-47b4-47e3-ad48-25800d25ee30", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "paragraph", "text": "A longtime executive at Global Foundries, who deals directly with Lasertec and all aspects of EUV mask inspection, stated that Lasertec’s November 2023 press release announcing the ACTIS A300 and its High-NA capabilities was “just a press release to match the shipment of the first [ASML] High-NA system to Intel, and they wanted to match that press release.” He added that he has “not even heard of a single A300 system, a 300 system that shipped even...I don’t know if it’s pure vaporware.” Intel ordered the first ASML high-NA EUV scanners in 2022, and ASML stated in Nov 2023 that the first pilot tools were about to ship. Lasertec’s high-NA announcement was simply a ploy to jump on the bandwagon of next-generation EUV lithography, despite lacking the technology to do so.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "afdc0526-1cca-49b8-843f-8274d70ec924", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“I have not even heard of a single A300 system, a 300 system that shipped even. I don't know if it's pure vaporware, and it's just a press release to match the shipment of the first High-NA system to Intel, and they want to match that press release.” — Longtime executive at Global Foundries; directly involved with Lasertec and all aspects of mask inspection", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-78b6-764f-bc83-fcdcb2897dfb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.8, "x": 0.07, "y": 0.95 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts; https://www.reuters.com/technology/asml-ships-first-high-na-lithography-system-intel-statement-2023-12-21/", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "58c09207-3e2c-453f-a845-9eca52febc48", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ceo-quote-contradiction", "slug": null, "matchId": "e87bf16a-79e0-4305-8815-8f927afff69f", "evidence": "Uses an expert quote to frame a competitor's announcement as deceptive/vaporware.", "confidence": 0.9 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }