{ "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": 283, "pageCount": 334, "prevPage": 282, "nextPage": 284, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses expert testimony to undermine the market position of Lasertec by contrasting it with KLA's perceived improvements.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-0f4bec37392f/283", "deckHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f#slide-283", "components": [ { "bbox": null, "kind": "callout", "text": "High NA spells more bad news for Lasertec; Intel is “under a lot of pressure to use KLA” for high NA mask inspection", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-78b7-702e-961d-68869428aae7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "paragraph", "text": "The TSMC executive continued that, unlike Lasertec, “KLA improved a lot...they have a very good scan, and now their resolution is getting much, much better.” A second TSMC source, who was previously head of R&D and played a key role in their 5nm transition and vendor/tool selection, stated that the current transition to High NA EUV mas inspection spells more bad news for Lasertec, as Intel is under a lot of pressure to use KLA instead. We note that Intel has made the biggest bet of any chipmaker on ASML’s new High NA scanners, recently taking delivery of the first High NA shipment: “Are they going to use Lasertec? I have some doubts because they were under a lot of pressure to use KLA...if they go to KLA...there will be more bad news for Japan.”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a61a3285-bca8-4516-8645-722559689883", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.23, "w": 0.86, "x": 0.07, "y": 0.72 }, "kind": "quote", "text": "High NA spells more bad news for Lasertec; Intel is “under a lot of pressure to use KLA” for high NA mask inspection “Intel bought a High-NA version for EUV. They were the first ones. They spent $500 million or whatever for a High-NA tool. Intel took a very high risk and then they said we are going to launch 3-nanometer, 2-nanometer EUV. So, the question is, what kind of inspection in mask engineering supplier are they going to use? Are they going to use Lasertec? I have some doubts because they were under a lot of pressure to use KLA. This High-NA version of the EUV is a very, very new thing...we’ll have to see which inspection tool they’re going to get, Lasertec or KLA? If they go to KLA, then probably there will be more bad news for Japan.” – Former head of TSMC R&D; played key role in 5nm transition and vendor/tool selection", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6924e764-15a3-4def-9f87-e53db5c05d7e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.86, "x": 0.07, "y": 0.46 }, "kind": "quote", "text": "Lasertec executive recently told TSMC contact that things are “not well”; TSMC views it as a niche “lab tool, R&D 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.” 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": "9f50fc4b-7a81-4aab-96ae-24cfec293327", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“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.” — 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-961d-6cb0187cb9f4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.07, "y": 0.96 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4dca51ad-0af1-4ead-ba9a-435cac5ad5ea", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "authority-citation", "slug": null, "matchId": "6e4bedfa-d888-4321-a3e0-cf6e70cb3fbc", "evidence": "Uses expert testimony from TSMC executives to validate claims.", "confidence": 0.9 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }