ASML Holding N.V. (NASDAQ:ASML) Q1 2024 Earnings Call Transcript

Christophe Fouquet: Hi, this is Christophe. Yes, I think your question about the exact capacity is quite difficult to answer. I don’t think we have all the elements to do that. What I can share with you is the trend we see on DRAM, basically for EUV where our customer on map basically is calling for an increase node on node of the number of EUV layers. And I think we see that basically already for a few nodes. And that, I think, is with the current visibility of the roadmap we have from our customers. So we see basically the number of layers continue to increase to execute on the DRAM roadmap. The high bandwidth memory doesn’t change that dramatically because the device itself is very similar. What is changing is the ratio between the array and logic mostly, which typically called for larger die and therefore more wafer capacity needs.

So there you have a translation in volume, but that’s not related to the number of EUV layer, that’s more related to the number of wafer you will need to do a high bandwidth memory. And there again, I think Roger mentioned it before, we’re still trying — I think our customers are also still trying to understand exactly what would be the effect of high bandwidth memory on the overall capacity needs for DRAM in the next few months. But I think that the jury is still out on that and we are working very hard on our side to try to understand that with the idea that when we come to all of you in November 14, we understand that a bit more, but I think it’s work in progress also on our customer side.

Peter Wennink: It’s also the 70-30 mix. The 70-30 mix?

Christophe Fouquet: Yes, yes.

Peter Wennink: Which is also true for the 70-30 mix because it’s all connected, yes.

Didier Scemama: Thank you so much.

Skip Miller: All right. As this will be the last quarterly call for Peter, I’d also like to take a moment to publicly state to Peter that on behalf of the ASML IR team, it’s been our extreme pleasure to have worked with you over many years. Thank you for your leadership, so many great memories, and countless contributions to ASML. Congratulations on your retirement. We wish you and your family all the best.

Peter Wennink: I could have never done it without you guys. That’s absolutely clear.

Skip Miller: 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 2024 first quarter financial results conference call. Thank you for participating. You may now disconnect.