{ "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": 280, "pageCount": 334, "prevPage": 279, "nextPage": 281, "slideType": "cite_precedent", "function": "cite_precedent", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a Q&A format to validate the thesis that KLA is a credible threat to the incumbent.", "elementsJson": [ "paragraph", "quote_block" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-0f4bec37392f/280", "deckHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f#slide-280", "components": [ { "bbox": null, "kind": "callout", "text": "Samsung expects KLA to launch a competing tool “very soon”; will given them at least half the business; have already placed a pre-order; has “confidence and trust in KLA” who is “aggressively developing their own actinic tools”", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-78b7-702e-961c-e9c75ba2a830", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.45, "w": 0.86, "x": 0.07, "y": 0.46 }, "kind": "list", "text": "Q: “Do you know when KLA will finish it and launch it?”\nA: “Until last year, when I was working at Samsung, KLA kept talking like it’s very soon, just in a year. But it looks like they are not really complete yet on those actinic tools. I think it’s pretty soon because people keep saying that they’re going to produce those actinic tools very soon, in a year or so KLA is working very hard to develop those kinds of tools. It will come out very soon, maybe by next year or so.”\nQ: “When KLA launches a tool, is Samsung going to give KLA half the business, ¾ of their business? What will they do?”\nA: “Half the business. It depends on the performance.”\nQ: “Has Samsung already given them some kind of pre-order or investment, some advance or not?”\nA: “Pre-order is not—actually, a demo tool. They actually made pre-orders. One demo tool but it hasn’t come out yet.”\nQ: “So, Samsung has already paid KLA for a demo actinic tool?”\nA: “Just one tool. That’s for evaluation and testing. Samsung basically has confidence and trust in KLA. So, KLA is aggressively developing their own actinic tools. They’re going to find a way to do that one way or the other, sooner or later.” - Longtime Samsung executive in leadership role in EUV; worked closely with Lasertec; decision-maker for inspection tools", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7651564f-021b-4379-9e1c-8444d7460357", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.86, "x": 0.07, "y": 0.39 }, "kind": "paragraph", "text": "Samsung expects KLA to launch a competing tool “very soon”; will given them at least half the business; have already placed a pre-order; has “confidence and trust in KLA” who is “aggressively developing their own actinic tools”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f4be830e-47ae-4c87-87ac-dfcacf78cf13", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“KLA kept talking like it’s very soon, just in a year...I think it’s pretty soon...in a year or so...KLA is working hard to develop those....” — Longtime Samsung executive in leadership role in EUV; worked closely with Lasertec; decision-maker for inspection tools", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-78b7-702e-961c-efcec5b55dc7", "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": "70c68290-5b6c-4b79-a325-dbf11c81c2af", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "title", "text": "The Samsung executive stated that KLA's tool is coming soon: “KLA kept talking like it’s very soon, just in a year...I think it’s pretty soon...in a year or so...KLA is working very hard to develop those....” He predicted that KLA would get half of Samsung’s business, and provided a particularly interesting piece of information – indicating that Samsung has already pre-ordered the tool from KLA: “they actually made pre-orders...for evaluation and testing...Samsung basically has confidence and trust in KLA...KLA is aggressively developing their own actinic tools...they’re going to find a way...one way or the other, sooner or later.”", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "12bb2d3d-4f00-44a2-b714-e6f88f371235", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "authority-citation", "slug": null, "matchId": "990323c8-873e-4c0a-b0a8-d5b7df5e302b", "evidence": "Citing a 'Longtime Samsung executive' to validate market claims.", "confidence": 0.9 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }