ASML Holding N.V. (NASDAQ:ASML) Q1 2023 Earnings Call Transcript

Yes.Peter Wennink Yes. You know that for 3D, for 3D NANDs, you don’t need advanced immersion. And yes, there will be challenge by the fact that they cannot get advanced Deep UV and DRAM. That will be — they’ll just have to figure out that out. I mean, they still want what they can get, so mid-critical immersion, which I don’t think is going to present them a problem looking where their robotics is today, it’s not going to give them a problem today. But if you have a roadmap where you want to go further in three or four years from now, yes, you do have a problem. You should not forget that the Chinese memory customers, especially DRAM, are absolutely not at the, let’s say, robot execution space as the leading dealer makers. They are still behind.So what they can buy under the export control rules will help them today.

But, yes, they have to find different solutions. I’m not a semiconductor manufacturing or design expert, but they have to find a solution, or they have to stay where they are today.Joe Quatrochi Got it. That makes sense. And then just a quick follow-up. How do you think about the OpEx trajectory for this year? You kind of referenced maybe a little bit more prudent capital spending management, but any change in the OpEx trajectory?Roger Dassen No, I don’t think so. I think the — you see the direction of travel on both R&D and on SG&A and I think they’re about 19% of revenue would be a good take I think for the full year. You see what we have on Q1, you see what we guided for Q2, so that gives you a good indication, I think, for what to model for the second half of the year.Joe Quatrochi Perfect.

Thank you.Skip Miller All right. Now, on behalf of ASML, I’d like to thank you all for joining us today. Operator, if you could formally conclude the call, I’d appreciate it. Thank you.Operator Thank you. This concludes the ASML 2023 first quarter financial results conference call. Thank you for participating. You may now disconnect.