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  "documentTitle": "Lasertec Corporation (6920)",
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  "authorName": "Scorpion Capital",
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      "text": "The volume of Holon tools being ordered by Lasertec's EUV customers illustrate the failure of its flagship product: \"I'm not quite sure... they have succeeded in phasing in Lasertec tools...they are still ordering considerable quantities of Holon inspection machines.\"",
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      "text": "TSMC, Intel, Samsung are all using the Holon electron beam took\nQ: “So, they're using the DUV device, and then who makes the e-beam device?”\nA: “Mostly a company called Holon. TSMC was the first one to adopt the Holon tool, and currently, I think Samsung, Intel, and most of the other customers in the EUV space are also adopting the Holon tool. The [redacted] of Holon is actually a good friend of mine. So, if I have some question, I can ask him.”\nQ: “Is TSMC still actively using Lasertec, or are they idling those machines because of all these problems with downtime?”\nA: “I'm not quite sure to what degree they have succeeded in phasing in Lasertec tools to the production cycle, but from what I hear from this company, Holon said that hasn't been very successful so far. So, they are still ordering considerable quantities of Holon inspection machines.” -Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec’s CEO",
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      "text": "The semiconductor executive stated that Holon – a Japanese company – makes the e-beam inspection tool used by TSMC. He stated that he is friendly with Holon’s CEO and that the tool is rapidly gaining adoption among all EUV players including Intel and Samsung, indicating that each of the three customers that comprise most of Lasertec’s revenue have soured on its actinic EUV tool: “TSMC was the first one to adopt the Holon tool...Samsung, Intel, and most of the other customers in the EUV space are also adopting the Holon tool.” The volume of Holon tools being ordered by Lasertec’s EUV customers illustrate the failure of its flagship product: “I’m not quite sure... they have succeeded in phasing in Lasertec tools...they are still ordering considerable quantities of Holon inspection machines.”",
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      "text": "\"TSMC was the first one to adopt the Holon tool, and currently, I think Samsung, Intel, and most of the other customers in the EUV space are also adopting the Holon tool.\" — Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec's CEO",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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