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  "documentTitle": "Lasertec Corporation (6920)",
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  "authorName": "Scorpion Capital",
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      "text": "Senior executive who recently met with TSMC indicates they are having severe problems with Lasertec’s tool",
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      "text": "A longtime semicap executive in Japan - who speaks with Lasertec’s CEO - said that he was “in charge of TSMC for about 15 years” at another tool supplier and “I was dealing with all the TSMC management people in the mask shop. I know how they function.” He confirmed the color from TSMC’s ex-head of R&D that TSMC can’t rely on Lasertec’s tool. In particular, he stated that he recently met the head of TSMC’s EUV mask shop - whose name we redact - and that he evaded questions about their struggles with Lasertec: “If they didn’t have any [issues], he would happily talk about how things are going.” The expert conveyed that he knows the head of TSMC’s mask shop well.",
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      "text": "Q: “Your main source of information here is what you’re hearing about TSMC, but you’re hearing it from your contacts at [redacted] and [redacted] basically?”\nA: “Yes. When I was at [redacted], I was in charge of TSMC for about 15 years, so I was dealing with all the TSMC management people in the mask shop. I know how they function.”\nQ: “Have you talked to any TSMC mask shop people recently?”\nA: “In [a recent month, redacted], I met the top guy of their EBO, [name redacted], but he didn’t want to talk about the issues with me, naturally. [chuckles].”\nQ: “He didn’t want to talk about the issues with the Lasertec machine?”\nA: “Yeah, any issues in the mask shop.”\nQ: “But was your sense that they had issues in the mask shop?”\nA: “Of course. If they didn’t have any, he would happily talk about how things are going.” - Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec’s CEO",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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