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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": "That's why sometimes there are two tools. That's exactly the problem they have because if a tool is lousy, they need to have a backup tool; it breaks everything. And that's the number one problem they have.",
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      "text": "Due to \"the struggle of the Lasertec tool both on the performance side and...on the stability or uptime side,\" key customers are \"begging\" KLA to hurry their upcoming actinic mask inspection tool: \"Oh my God...the amount of pressure, it’s inconceivable...the pressure is insane...from Samsung and TSMC combined...TSMC number one.\" Customers complain that its lack of reliability requires them to purchase redundant tools: \"that’s why sometimes there are two tools...they need to have a backup tool...it breaks everything...and that’s the number one problem they have.\"",
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      "text": "Lasertec customers are \"begging\" KLA to hurry their competing tool; \"pressure is inconceivable...insane\"; complained about performance, stability, and uptime of Lasertec tool; need backup Lasertec machines given lack of uptime",
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      "text": "Q: \"You said customers are begging KLA. When you were at KLA, you must have been talking to TSMC and Intel. What were they saying?\"\nA: \"Oh my God. The amount of pressure, it's inconceivable...basically, the pressure is insane. From Samsung and TSMC combined. TSMC number one.\"\nQ: \"What were they saying?\"\nA: \"The message was exactly in line with what I told you. The struggle of the Lasertec tool, both on the performance side and both on the stability or uptime side.\"\nQ: \"When you say struggles with uptime, liability—what was the other thing that you said?\"\nA: \"Cost of service, uptime, and reliability.\"\nQ: \"What happens if your collector has an issue and they need to fix the source and you need to inspect a mask. What do you do if there's downtime? Aren't you screwed?\"\nA: \"That's why sometimes there are two tools. That's exactly the problem they have because if a tool is lousy, they need to have a backup tool; it breaks everything. And that's the number one problem they have. If you have one tool that is a backlog to everything, you need to have a backup.\" -Former KLA executive in a leadership role in their EUV mask inspection group",
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      "text": "“Oh my God. The amount of pressure, it's inconceivable...basically, the pressure is insane. From Samsung and TSMC combined. TSMC number one.” — Former KLA executive in a leadership role in their EUV mask inspection group",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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