{
  "docId": "019dd923-622c-750b-8b9a-3e539d2729fa",
  "docSlug": "a8e4eb348e06",
  "documentTitle": "Lasertec Corporation (6920)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-06-05 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 28,
  "pageCount": 56,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "key_takeaways",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses investigative journalism techniques to expose potential corporate obfuscation regarding technical performance.",
  "elementsJson": [
    "headline_text",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-3e539d2729fa/28",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-3e539d2729fa",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-3e539d2729fa.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-3e539d2729fa#slide-28",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Lasertec's light source is \"not a well-controlled process...it was painful but we would get some light...if you choose a bad technology you just can't just get there...DPP has inherent issues.\"",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-25b2-736e-8e5d-7d6e2129bbed",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.135,
        "w": 0.854,
        "x": 0.073,
        "y": 0.649
      },
      "kind": "paragraph",
      "text": "An ex-Lasertec field service engineer provided us with particularly astonishing color on Intel's actual, behind-the-scenes view of Lasertec. The engineer was until recently based full-time, on-site at Intel's mask shop.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "713e0ac4-28d1-41d3-b0dd-e79c794e8731",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.135,
        "w": 0.854,
        "x": 0.073,
        "y": 0.178
      },
      "kind": "paragraph",
      "text": "We tried speaking with numerous Intel employees in its EUV mask inspection effort. One of Intel's most senior and tenured individuals... agreed to a phone consultation but only at 300% of the usual expert rate - and then played games and revealed little.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7d24166-f1f5-4a99-875c-de938a07f9fc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.135,
        "w": 0.854,
        "x": 0.073,
        "y": 0.335
      },
      "kind": "paragraph",
      "text": "We first realized that something is amiss as we read Intel's EUV mask inspection presentations at SPIE... A key chart for the tool's uptime omits the Y-axis units entirely - a cliche case of \"How To Lie With Statistics.\"",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aa6e0fca-0391-440f-8554-acc44d2a8492",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.135,
        "w": 0.854,
        "x": 0.073,
        "y": 0.492
      },
      "kind": "paragraph",
      "text": "In glimpses of candor, the Intel SPIE papers nonetheless confirm challenges with Lasertec's EUV tool, namely contamination and optics degradation from tin plasma... and unstable plasma which leads to dark pulses and inspection failures.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e0059494-beb5-4365-a854-5b8b8dd47e40",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Lasertec's light source is \"not a well-controlled process...it was painful but we would get some light...if you choose a bad technology you just can't just get there...DPP has inherent issues.\" — Senior Intel Executive; \"How To Lie With Statistics.\" — Scorpion Capital; \"there was definitely a lot of frustration around\" — Ex-Lasertec field service engineer; \"he got banned from a couple of meetings for blowing up on people\" — Ex-Lasertec field service engineer",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-25b2-736e-8e5d-81d0567ddae3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.022,
        "w": 0.235,
        "x": 0.073,
        "y": 0.125
      },
      "kind": "title",
      "text": "6A. Struggles at Intel (cont'd)",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0d96dc88-755d-4030-8b94-06a1b450199c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.028,
        "w": 0.413,
        "x": 0.073,
        "y": 0.071
      },
      "kind": "title",
      "text": "Detailed summary / key findings",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5fabc577-6bcf-4391-91b2-5cd7ad665ec8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Data Story Arc",
      "slug": "data-story-arc",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "922cce83-acf5-4a8d-a602-3550e256ab4c",
      "evidence": "The slide presents a story about Intel's experience with Lasertec's EUV tool, including challenges with contamination and optics degradation.",
      "confidence": 0.6
    },
    {
      "name": "Visual Anchors",
      "slug": "visual-anchors",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "73620c78-e0f0-4d2e-b243-fbefc2a96ada",
      "evidence": "The slide uses paragraphs and quotes to present information, but this is not a strong match for a specific tool.",
      "confidence": 0.5
    }
  ],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "262f82ea-f378-4870-a981-80b481387f19",
      "evidence": "The slide documents red flags, obfuscation, and contradictory evidence to expose potential technical failures.",
      "confidence": 0.85
    }
  ],
  "arcBeats": [
    {
      "to": 30,
      "from": 11,
      "beatId": "ddd47c98-0c7b-4601-b841-6a759c3fbbf3",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "Detailed explanation of Lasertec's product flaws and customer dissatisfaction",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 40,
      "from": 20,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "905755ed-1026-45f4-a058-5cbb7c876733",
      "evidence": "The document emphasizes the severe consequences of ignoring Lasertec's problems",
      "position": 1,
      "objective": "Highlight the consequences of inaction regarding Lasertec's issues",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}