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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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  "notes": "The slide uses expert testimony and industry comparisons to frame Lasertec's product as inferior to ASML's technology.",
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      "text": "Lasertec's flagship ACTIS EUV product line is defective with a fatally flawed EUV light source",
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      "text": "Industry executive corroborates short lifespan and low uptime of EUV source, forcing customers to buy redundant machines. Mask stage is also flawed, lacking ASML's proprietary magnetic levitation, relying on a contaminating pneumatic system.",
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      "text": "they had big trouble with the light source; they were struggling because of the short lifespan and then it needed replacement and after replacement they needed one month to tune the light source...so the tool was only available for maybe 60% or 70%...customers needed to buy more equipment than they originally planned to cover their requirements. — Longtime semiconductor industry executive based in Japan",
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