{ "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": 214, "pageCount": 334, "prevPage": 213, "nextPage": 215, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 0, "notes": "The slide uses a Q&A transcript format to validate the narrative that Lasertec is failing to meet production standards at TSMC.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-0f4bec37392f/214", "deckHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f#slide-214", "components": [ { "bbox": null, "kind": "callout", "text": "TSMC views Lasertec as merely a niche R&D tool that is not suitable in a fab: “we call it a lab tool, R&D tool...not a production tool...because you have a lot of limitations for productivity.”", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-78b7-702e-9618-f14e16044992", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.86, "x": 0.07, "y": 0.45 }, "kind": "paragraph", "text": "Lasertec executive recently told TSMC contact that things are “not well”; TSMC views it as a niche “lab tool, R&D tool”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "32e73b82-b5a0-47b4-bcf7-422df4f7b0bd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "paragraph", "text": "The TSMC executive said that he recently spoke with a senior individual at Lasertec, who stated that things are “not well.” The executive stated that TSMC views Lasertec as merely a niche R&D tool that is not suitable in a fab...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9fa7f877-d343-401b-baaf-72501f7c1aba", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.86, "x": 0.07, "y": 0.8 }, "kind": "quote", "text": "Q: “You said they have a weekly meeting with Lasertec to push them to fix their problems?” A: “Push them to improve their performance, to improve their productivity...and the reason is if you increase the throughput, you cannot inspect the mask; it’s so detailed. But KLA improved a lot. They have a very quick scan, and now their resolution is getting much, much better.” – Longtime ex-TSMC procurement executive who introduced Lasertec inspection tools into TSMC", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "49c9a047-8e26-4183-ba0b-a1bf76eee37f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.86, "x": 0.07, "y": 0.65 }, "kind": "quote", "text": "Q: “It’s an R&D tool? Lab tool, not a production tool.” A: “Yes, a lab tool. Yes, not a production tool. Because you have a lot of limitations for productivity...even today, TSMC still has a weekly meeting with Lasertec. My colleagues in procurement and from the fab told me they have a weekly meeting to push Lasertec to improve.”", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "61337f87-e85e-4f93-a0e9-81d73ae28361", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.86, "x": 0.07, "y": 0.5 }, "kind": "quote", "text": "Q: “When you talked to the Lasertec executive, what else did they say? Are things going well or not going well for them?” A: “Not well.” Q: “What did he say?” A: “Not well. I think Lasertec will be kind of—we call it a lab tool, R&D tool.”", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bf7a0739-efdf-4dff-9d4a-709e30408f91", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“we call it a lab tool, R&D tool...not a production tool...because you have a lot of limitations for productivity.” — Longtime ex-TSMC procurement executive who introduced Lasertec inspection tools into TSMC", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-78b7-702e-9618-f4779a16317f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.03, "x": 0.93, "y": 0.95 }, "kind": "source-note", "text": "214", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2d70b48f-7319-4d9a-9c28-ae2d86c24194", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.3, "x": 0.07, "y": 0.95 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7d9537bd-66d2-4e60-81d0-15522e60fe50", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "antagonist-introduction", "slug": null, "matchId": "af9c2885-7990-4836-a1b7-07393b4afc42", "evidence": "The slide frames Lasertec as the failing antagonist in the context of TSMC's production needs.", "confidence": 0.8 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }