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Here 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-earn
by buescher 5y ago
Here 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.