{
  "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": 228,
  "pageCount": 334,
  "prevPage": 227,
  "nextPage": 229,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "The slide uses direct quotes from a consultation call to undermine the credibility of Lasertec's product.",
  "elementsJson": [
    "paragraph",
    "quote_block"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-0f4bec37392f/228",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f#slide-228",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The executive slammed its uptime as “just unacceptable” for inspection equipment: “doesn’t meet what we would normally expect”; “if it was not the only actinic inspection tool in the market, people would definitely go with another supplier”; “struggled with uptime concerns”; “not as sophisticated or as capable as the classic KLA mask inspection tools.”",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b7-702e-9618-518ec1817e50",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.86,
        "x": 0.07,
        "y": 0.35
      },
      "kind": "paragraph",
      "text": "Lasertec tool doesn’t meet minimum uptime standards – “just unacceptable”; “doesn’t meet what we would normally expect”; no one would use Lasertec if another actinic tool was available",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9546c119-fbf8-414f-9eaf-35d180ddc274",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.86,
        "x": 0.07,
        "y": 0.68
      },
      "kind": "quote",
      "text": "“Niche player” that has “struggled” with low uptime; legacy KLA systems are sufficient for EUV mask inspection “I think KLA were reluctant as far as how fast EUV will actually be implemented. We think the legacy systems we have are good enough for early EUV debug. We didn’t have EUV pellicles until recently...I think Lasertec has struggled with uptime concerns. Also, the user interface is not as sophisticated or as capable as the classic KLA mask inspection tools, which very much benefit from the learning and scale that KLA has had in the wafer front-end. Lasertec is kind of a niche player. They don’t have the same install base and customer feedback, I would say, that has driven improvements like KLA has.” – Longtime executive at Global Foundries; directly involved with Lasertec and all aspects of mask inspection",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "27d5a27a-204b-416a-87d1-7759a67aa664",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.86,
        "x": 0.07,
        "y": 0.41
      },
      "kind": "quote",
      "text": "Q: “I talked to a former field service engineer from Lasertec who was dedicated to the Intel mask shop in Santa Clara. He described major problems with uptime. He said the head mask person and others were getting really angry with Lasertec..” A: “I can confirm that. Uptime for the A150, uptime is an issue. If it was not the only actinic inspection tool in the market, people would definitely go with another supplier. It doesn’t meet what we would normally expect. We typically in the industry for look for inspection equipment to have availability to be used certainly in excess of 80%, and most are over 90% and up. And the A150 didn’t meet the 80% threshold [laughs].” Q: “This person said it was 60-65%.” A: “Right, which for inspection equipment is just unacceptable. It's not like it's process equipment, a vacuum system, a system where you'd expect there to be lower availability due to preventive maintenance or the nature of the process.” – Longtime executive at Global Foundries; directly involved with Lasertec and all aspects of mask inspection",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8be993f8-6300-49ea-965c-b6dfa910475a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“I can confirm that. Uptime for the A150, uptime is an issue. If it was not the only actinic inspection tool in the market, people would definitely go with another supplier. It doesn’t meet what we would normally expect. We typically in the industry for look for inspection equipment to have availability to be used certainly in excess of 80%, and most are over 90% and up. And the A150 didn’t meet the 80% threshold [laughs].” — Longtime executive at Global Foundries",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-78b7-702e-9618-5528e2883c78",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "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": "497370b6-5706-4625-b97b-9a3980708b23",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.86,
        "x": 0.07,
        "y": 0.07
      },
      "kind": "title",
      "text": "Global Foundries actually laughed at the quality of Lasertec’s tool during our research interview, describing it as merely a “niche player” that has “struggled” with low uptime and a poor user interface, stating that it is highly inferior to KLA. The executive slammed its uptime as “just unacceptable” for inspection equipment: “doesn’t meet what we would normally expect”; “if it was not the only actinic inspection tool in the market, people would definitely go with another supplier”; “struggled with uptime concerns”; “not as sophisticated or as capable as the classic KLA mask inspection tools.”",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "389ebe3c-dbd1-4204-bf18-f21e7b94b614",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}