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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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  "notes": "Uses Q&A transcript format to build credibility and expose hidden industry sentiment.",
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      "text": "Multiple semiconductor executives confirmed that Intel is just as dismayed as TSMC and is similarly struggling with Lasertec’s EUV tool.",
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      "text": "KLA customer indicates a major customer, who we presume to be Intel, complained about the contamination and frequent replacement of the optics",
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      "text": "Intel is “secretive” but industry executives who interact with them believe they are also struggling with the Lasertec tool",
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      "text": "A longtime semiconductor equipment friendly with Lasertec’s CEO stated that “I have met the VP of Intel’s mask operation, a few times.” He indicated “they are very secretive” and replied “yes, of course” when we asked if Intel is having the same problems as TSMC. The ex-KLA EUV mask inspection executive corroborated that Intel is complaining behind the scenes – without naming them specifically but leaving no doubt as to which “major US customer” he was referring to.",
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      "text": "“I have met the VP of Intel’s mask operation, a few times.” “yes, of course” “Yes, of course.” — Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec’s CEO; “Of course.” — Former KLA executive in a leadership role in their EUV mask inspection group",
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