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Ladies and gentlemen thank you for holding and welcome to the ASML 2012 second quarter results conference call on July 18, 2012. For our today's introduction all participants will be in a listen-only mode. After ASML’s introduction there will be an opportunity to ask questions. (Operator Instructions)
I would now like to turn the conference over to Mr. Craig DeYoung. Please go ahead sir.
Thank you, Peter. Good afternoon and good morning ladies and gentlemen. This is Craig DeYoung, Vice President of Investor Relations here at ASML. I would like to welcome to our investor call and webcast. Joining me from our headquarters here in Veldhoven, the Netherlands is Mr. Eric Meurice, ASML’s CEO and Mr. Peter Wennink, ASML’s CFO.
As the operator mentioned, the subject of today’s call is ASML’s second quarter 2012 results. However, on July 9th, ASML announced a co-investment program in which customers will potentially contribute up to €1.4 billion over the next five years to accelerate development of 450 millimeter wafer platform and the next-generation of EUV systems; both expected to enter volume production in the second half of this decade. So we would welcome any remaining questions you might have about this program in addition to those questions you might have about our Q2 results.