{ "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": 31, "pageCount": 334, "prevPage": 30, "nextPage": 32, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a combination of summary text and a direct, highlighted quote block to substantiate the claim of corporate secrecy.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-0f4bec37392f/31", "deckHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f#slide-31", "components": [ { "bbox": null, "kind": "callout", "text": "Lasertec is secretive and conceals product problems even from its engineers and employees", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-78b6-764f-bc78-5f62f1237928", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.86, "x": 0.07, "y": 0.19 }, "kind": "paragraph", "text": "such as one who prior to Lasertec was part of the EUV task force at one of the largest semis players: “there were too many secrets and there were too many things that were hidden by the company”; “you will never get an answer from the company...Lasertec was not open about anything that could be a problem...the company was not willing to be open about...minor problems let alone any major problems with the EUV tool...utilization rate or more major issues”; “I never received any answer and all I was told was to wait...nothing ever gets solved.” He alleged that Lasertec hides product defects and data from customers. As the engineer was primarily focused on servicing machines at Intel, we presume that it is one of the customers he meant: “...tried to hide some data or technical things...the company will not tell its customer....” He added that Ushio didn’t care that its source was defective: “their caliber of caring wasn’t as high...they’re more like, we’ll just replace it.”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b19ce47c-5e13-4ccb-9995-656625d980d1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.86, "x": 0.07, "y": 0.58 }, "kind": "quote", "text": "Lasertec is secretive and conceals product problems even from its engineers and employees. “There were too many secrets and there were too many things that were hidden by the company...it is a Japanese company, so even if you are one of the company’s employees, you will never get an answer from the company. Lasertec was not open about anything that could be a problem... The company could have tried to hide some data or technical things... the company will not tell its customer about that mistake... Lasertec would rather address all of the issues by itself without telling the customer exactly what happened.... They’re more like, we’ll just replace it when it needs to be replaced.” – Former Lasertec product engineer", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4de54e85-2453-4ad2-ad68-f5079f42289b", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“There were too many secrets and there were too many things that were hidden by the company...it is a Japanese company, so even if you are one of the company’s employees, you will never get an answer from the company. Lasertec was not open about anything that could be a problem...the company was not willing to be open about any of these minor problems, let alone any major problems, with the EUV tool. Recently, there could be some utilization rate or more major issues. When I asked something or when I tried to raise something, I never received any answer, and all I was told was to wait...Lasertec USA does not even have the technical background, so they are just waiting. Nothing ever gets solved.” — Former Lasertec product engineer; 20 years in the industry and previously part of the EUV task force at one of the top 3 semiconductor companies in the world", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-78b6-764f-bc78-61c2404f64f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.25, "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": "ef29d006-e37e-4bbd-9e43-37130a5ea4b1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "title", "text": "Former Lasertec engineers corroborated the company’s secrecy and concealment of the various defects that plague its EUV inspection tool", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "18293343-f005-4e9c-8257-e8eb72520d40", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "56fefe13-749c-43fc-a407-6067093bfb86", "evidence": "The slide uses expert testimony to expose alleged corporate malfeasance and concealment of product defects.", "confidence": 0.9 } ], "arcBeats": [ { "to": 80, "from": 11, "beatId": "7e31b42d-7913-4bdc-94a9-6f7195daecb2", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The deck presents numerous slides exposing alleged contradictions and flaws in Lasertec's products and financials.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }