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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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      "text": "they’re holding off near-term shipments until they resolve these quality issues.",
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      "text": "The executive stated that Lasertec’s customers are now delaying “shipment of systems” due to the rampant product problems and it’s product “not even being adequate”: “they’re holding off near-term shipments until they resolve these quality issues.” He indicated that its defective EUV system has badly damaged Lasertec’s reputation and described its customers as “frustrated and disappointed”: “prior to EUV, Lasertec was known as a reasonable supplier”; “[customers] are frustrated...frustrates people because their brand has definitely taken a hit as a result of their EUV inspection equipment”; in the past Lasertec “was adequate, and that’s the frustration today – not even being adequate.”",
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      "text": "Customers are “frustrated and disappointed”; “brand has definitely taken a hit”; “not even being adequate”\n“[Customers} are frustrated. In the past, prior to EUV, Lasertec was known as a reasonable supplier and high-quality because we used them in my prior employer. We had an internal mask house. They were a niche player but a very reasonable supplier...people are just frustrated and disappointed because it breaks with their tradition of being a mainstream supplier that would meet reasonable expectations for product quality. So, that’s what frustrates people because their brand has definitely taken a hit as a result of their EUV inspection equipment. You knew, okay, it wasn’t going to cost as much as KLA; it didn’t have all the bells and whistles of a KLA, but it was adequate, and that’s the frustration today—not even being adequate.” – Longtime executive at Global Foundries; directly involved with Lasertec and all aspects of mask inspection",
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      "text": "Customers delaying shipment of Lasertec systems due to “quality issues”\n“I’ve heard of a delay of shipment of systems to have Lasertec fix some things or engineering changes…they’re holding off near-term shipments until they resolve these quality issues.” – Longtime executive at Global Foundries; directly involved with Lasertec and all aspects of mask inspection",
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      "text": "I’ve heard of a delay of shipment of systems to have Lasertec fix some things or engineering changes…they’re holding off near-term shipments until they resolve these quality issues. — Longtime executive at Global Foundries; directly involved with Lasertec and all aspects of mask inspection",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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