ASML, every mention
34 scenes (2021) · ← back to ASML
tap a year for its mentions
every year 2021 anyone Ben Gilbert 32John Bathgate 20David Rosenthal 13Brinton Johns 5Hamilton Helmer 1
Verbatim, from the transcripts: the passages where ASML comes up
Complexity Investing & Semiconductors with NZS Capital (Extended Cut) · Acquired
- ▶ 58:46 David Rosenthal They're the ASML of, uh, of, uh, of silicon carbon.
- ▶ 1:22:13 Brinton Johns So like TSMC as a company is very valuable, but it's not super valuable without ASML and LAM and AMAT and KLA, right?
- ▶ 1:22:21 Brinton Johns So, um, when you think about the ecosystem of semiconductors and ASML, of course, is not valuable at all without TSMC and Samsung.
- ▶ 1:23:12 Brinton Johns It would just take, to John's point, a long time, and that's why people are sort of saying, maybe we should, like, take some risk out of this place, and, and, um, you know, ASML calls this semiconductor sovereignty.
- ▶ 1:29:13 John Bathgate And so, I mean, one, one thing that you guys covered well, um, in the TSMC episode is, is the, um, implementation of EUV systems, um, from, from ASML.
- ▶ 1:29:21 John Bathgate And they actually are allowing us to shrink the transistor, um, kind of the fundamental building block, um, you know, two dimensionally.
- ▶ 1:29:29 John Bathgate And so ASML is kind of on record saying they think that,
- ▶ 1:29:34 Ben Gilbert In terms of, they'll, they'll allow us to keep doubling the number of transistors on a chip every 18 months for 15 years, or just, like, it will be an effective way of getting any performance.
- ▶ 1:35:17 John Bathgate Like it used to be just about ASML needed better litho tools and like Intel would use them and like shrink the transistors.
- ▶ 1:35:25 John Bathgate And now like all this advanced packaging needs, it needs litho advancement from ASML, but it also needs, um, improvements from the other equipment guys like land research or applied materials or Tokyo electron.
- ▶ 1:37:47 Ben Gilbert The ASML guys create a pretty unbelievable machine, and they have a lot of services associated with that machine.
- ▶ 1:37:58 Ben Gilbert And then I sort of was scratching my head thinking, well, could ASML just kind of, like, become TSMC?
- ▶ 1:38:07 Ben Gilbert And then I dove down the other side of the, the slope, and I was like, well, who makes the stuff that's important to the ASML machines?
- ▶ 1:38:31 Ben Gilbert And I'm pretty sure what they're showing me is actually the magic of the, uh, ASML UV machine.
- ▶ 1:38:38 Ben Gilbert And I'm like, well, shoot, why can't the Trumpf company just do what ASML does and then also do what TSMC does if they are the only ones in the world who can make this
- ▶ 1:39:12 John Bathgate You know, drops of molten tin, the whole spiel from ASML, which Ben, by the way, you did a very good job on the, uh, on the TCC episode.
- ▶ 1:39:20 John Bathgate I think like multiple times you were like, can I do the ASML thing now?
- ▶ 1:39:44 John Bathgate Uh, I mean, ASML's partnership with Zeiss, the lens company is also like really special.
- ▶ 1:39:49 John Bathgate And I guess like Trump and Zeiss could try to partner to, I don't think they have any ambitions to do this, but they could try to partner together to kind of circumvent ASML.
- ▶ 1:40:07 John Bathgate With one of the things that's unique about ASML is, you know, they shipped the first EUV tool in 2010 to TSMC, and EUV didn't even really start high volume, and this was after, you know, a decade of R&D already, but then they didn't start…
- ▶ 1:40:31 John Bathgate And so there's actually this really cool conference called SPIE every February where all of ASML's customers come together
- ▶ 1:40:42 John Bathgate And so TSMC lived through 10 of the, or ASML lived through 10 of those, um, with all the, the, um, feedback, not just from, um, TSMC, but from all their ecosystem partners, right?
- ▶ 1:40:51 John Bathgate And so I just feel like the, the learning cycle that ASML has been through, there's just so much more innovation beside, um, in addition to the laser, um, and, and the, um, the lenses, but it is, I mean, the lens is a really critical…
- ▶ 1:41:02 John Bathgate I mean, ASML actually bought a laser company in
- ▶ 1:41:27 Brinton Johns It's like you say, okay, well, what's the most important part of this ASML tool, right?
- ▶ 1:44:06 Ben Gilbert Well, John, I know you have a, uh, ASML story that you want to share, so I'd love to hear it.
- ▶ 1:44:12 John Bathgate Yeah, I, I think this is a really cool story about kind of how ASML came to be ASML and so strategic to the world is, um, you know, they had one competitor, which is Nikon in the lithography market.
- ▶ 1:44:27 John Bathgate And so I think TSMC and Samsung and Intel kind of looked around and realized like we're betting the future of Moore's law on this one company, ASML, which at the time was like kind of a sleepy Dutch company that would have like a twenty…
- ▶ 1:44:37 John Bathgate Like no one really knew who ASML was in 2012.
- ▶ 1:44:41 John Bathgate Unique is that, um, Intel and TSMC and Samsung partnered and actually bought 25% of ASML to inject capital into ASML to develop EUV systems.
- ▶ 1:45:03 John Bathgate Um, and honestly, and like they were, everyone in the semi industry knew how important ASML was at the time, but
- ▶ 1:45:08 John Bathgate Like, the world didn't really understand that, and so, um, getting ASML where they needed to be, um, on a UV obviously is now, you know, enabling Moore's Law for the next at least 10 years.
- ▶ 1:53:06 Brinton Johns So we, when we think about ASML, right, they can, they can ship everything they can make, but they just can't make it anymore.
Standard Oil Part I · Acquired
- ▶ 1:34:12 David Rosenthal Well, and, you know, AS, ASML and, uh, uh, you know, all the equipment manufacturers, they're kinda like the railroads here.