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Even my local german newspaper decided to publish an article debunking this claim because it keeps popping up again and again.
by niklasbuschmann 4y ago
Even my local german newspaper decided to publish an article debunking this claim because it keeps popping up again and again.
- buescher 4y agoHere is the whole transcript of the ASML earnings call: https://seekingalpha.com/article/4502395-asml-holding-n-v-asml-ceo-peter-wennink-on-q1-2022-results-earnings-call-transcript https://seekingalpha.com/article/4502395-asml-holding-n-v-as... And the whole quote in context: Peter Wennink Well, I'm with the company 23 years, and I've always tried to read the minds of the investors, and I always got it wrong. So don't ask me that question. So, no, it's a place that can only read the minds, not only read the minds, but talk with our customers and see where we are today. And the issue is, and I tried to mention this before is that, the demand that we're currently seeing comes from so many places in the industry. Technology-wise, market-wise, geography-wise, it's so widespread that we have significantly underestimated, let's say, the width of the demand. And I think that I don't think is going to go away. And it just -- it's an anecdote, but I met a very large -- the executive of very large industrial company, a conglomerate, last week. And actually, they told me that they're buying washing machines to rip out the semiconductors to put them in industrial modules. I mean, that's happening these days. Now, you could say, that’s an anecdote. But, to be honest, it happens everywhere. It is -- like I said, it is 15, 20, 25-year old semiconductor technology that is now being used everywhere. It's got -- it's all driven by IoT type applications.