Report by Asymmetric Advisors
Amir Anvarzadeh turns bearish after discussions with Ushio which supplies Lasertec with its EUV lamps for its mask inspection systems. Ushio states that it sees little room for growth in unit sales of its EUV light sources next term (3/24) after this term's poor sales which is set to drop by around two-thirds. As a reminder, Lasertec had already slashed its order target (6/23) by a whopping 40% which came as a big shock. It appears that we are starting to see real competitors emerging in EUV mask inspection systems that Lasertec had been seen as dominating.