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ASML Holding Management Presents At Deutsche Bank 2012 Technology Conference (Transcript)

Stocks in this article: ASML

So here is our sales over the course of the last few years. If we do as I guided, which I tried to indicate the range of guidance, because the second half we guided EUR2.2 billion to EUR2.4 billion in revenue. So you see that if we achieve that, which I believe we will, it will be our second best year on record. So it’s still quite exciting for us.

System sales broke down this way, just still a lot of systems to the foundry, about 61% of our shipments in the quarter supporting ramp of the 28-nanometer node, not so much to the NAND and the DRAM guys, nor the IDMs, but we’ll see that change.

If we look at our backlog, you see growth in the IDM space. Foundries reduced a bit and we expected that second half deliveries to the foundries would be less than the first. There were a confluence of events in the first quarter that drove foundry quite aggressively. The challenges of meeting demand in a relatively low-yield environment and in a state of heightened competition between all the – at least the four foundry players created kind of a fervor in ordering and deliveries in the quarter. So we see that moderate a bit in the second half. Again, that’s what we anticipated would happen.

We took a number of orders in the DRAM and the – sorry, in the NAND space. I wouldn’t be confused or misled by that. Just by way of example, we took 10 orders in the NAND space, half of which were emerging, the other half were KrF tools, which suggest an addition of capacity in an environment where you wouldn’t think capacity was being added. But in fact that was over three different customers.

So if you take, that’s one-and-a-half tools or so each – of each tied to each customer. So it doesn’t represent much of a capacity addition. So again, I wouldn’t want that to be misunderstood. It’s probably more just about balancing out fabs and adding some capacity in the leading-edge nodes, et cetera, to meet the demand. I’ll talk about what that will do for the different memory sectors in terms of bit supply opportunity in a moment.

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