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  "documentTitle": "Lasertec Corporation (6920)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "presentationDate": "2024-06-05 00:00:00",
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  "notes": "The slide uses Q&A transcripts and expert quotes to frame the narrative of a 'grudge' against KLA.",
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      "text": "Others indicated that the award is mainly to spite KLA, given tension over KLA’s pricing, according to a former KLA executive – and that the grudge is Intel’s main reason for buying Lasertec’s tool versus anything special about their technology.",
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      "text": "Intel only buying from Lasertec to spite KLA\n“I think part of it is that KLA is genuinely arrogant because they have viewed that they control the wafer inspection market, the reticle inspection market for so many years, etc. Particularly, there’s an individual at Intel who has not been happy with KLA and their attitude about it and has directed business away from them on purpose, looking for alternative sources of tools and inspection equipment.”- Longtime semiconductor consultant recently working for Lasertec; close to KLA management",
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      "text": "Intel supplier award is just playing politics with KLA\nQ: “So, Intel is giving Lasertec the supplier award like a \"fuck you\" to KLA.”\nA: “Of course.”\nQ: “Because they hate KLA's pricing. I see.”\nA: “Yeah, there's a long history with Intel.” -Former KLA executive in a leadership role in their EUV mask inspection group",
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      "text": "Others indicated that the award is mainly to spite KLA, given tension over KLA's pricing, according to a former KLA executive – and that the grudge is Intel's main reason for buying Lasertec's tool versus anything special about their technology. A longtime industry consultant who we believe to be close to both KLA and Intel corroborated the dynamic: “KLA is genuinely arrogant because they have viewed that they control the wafer inspection market...particularly, there’s an individual at Intel who has not been happy with KLA and their attitude about it and has directed business away from them on purpose.”",
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      "text": "KLA is genuinely arrogant because they have viewed that they control the wafer inspection market...particularly, there’s an individual at Intel who has not been happy with KLA and their attitude about it and has directed business away from them on purpose. — Longtime semiconductor consultant recently working for Lasertec; close to KLA management",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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