Stan --
I'm not sure how Cymer fits in with factory automation, though, I'm guessing their presence would be through ASM Lithography, Nikon, or Canon.
Incidentally, I should add ASM's details to the MSDW report I posted earlier, as there's definitely news regarding Korean shipments.
I'll call it Part III.
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ASM Lithography
Our 1998 unit estimate for ASM Lithography is 250, with 155 deep-UV and 95 i-line (10 from the Special Applications group, which sells used and refurbished machines) systems in our forecast. Based on commentary from the mini-conference, potentially weaker-than-currently-expected i-line shipments could cause total 1998 unit shipments to fall to the 230-250 unit range.
ASM Lithography will likely increase its photolithography market share to 30%-35% in 1998 from approximately 25% in 1997, mostly at the expense of Nikon.
As the company ramps new customers into volume production in 1999 with a rapid increase in scanner demand, we expect ASM Lithography to experience continued unit and ASP growth, which should drive continued above average revenue and earnings growth.
ASM Lithography will likely ship twice as many deep-UV systems to Korean customers in 1998 relative to 1997 (with very few i-line shipments). ASM Lithography will likely supply about 90% of Samsung's and Hyundai's stepper and scanner purchases this year.
In 1997, ASM Lithography was the second largest supplier of photolithography systems in terms of revenues as the company surpasses Canon for the first time. In 1998, ASM Lithography believes it will be the second largest in both revenues and unit shipments.
ASM Lithography is in the process of ramping Phase II deep-UV scanners into volume production. Phase II deep-UV scanners are designed to improve system productivity.
We expect ASM Lithography to ship about 25 Phase II PAS 5500/500 deep-UV scanners in 2H98, which should set the stage for a significant ramp in 1999. As Phase II PAS 5500/500 scanners are evaluated for volume production, we believe ASM Lithography will have the opportunity to penetrate existing volume users of scanning lithography technology. This is particularly true as $1,000 PC demand increases and all microprocessor and complex logic chip makers look to improve productivity while maintaining an aggressive push down Moore's Law.
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Are there any hidden revelations in this part of the report? If so, please let me know.
Later --
pat |
