Sandeep Deshpande: I have a question to follow up somewhat on Didier’s question. I mean there is this bear case on High-NA EUV. I mean when you look at your 2030 guidance you look at you’re guiding to about 20 High-NA EUV tools. But when you look that, if you remember, when you had guided the initial ramp of EUV, you had talked about 50-plus tools. So is it that your guidance on High-NA EUV on 20 tools is a function of the throughput of the tool? Or is it a function on the adoption of the High-NA EUV into lithography — into semiconductor production? Because there is this emerging case of that ASML itself is not so bullish on the adoption of High-NA EUV. And I have a quick follow-up.
Peter Wennink: Well, it is the latter. It has nothing to do with the productivity of the tool. Although we will work on the productivity of the tool which we’re always doing to help our customers upgrade cost. But it’s basically the adoption of High-NA litho because it’s needed. It is needed in — when you look at the customer road maps and the customer designs, that’s what they need from a cost point of view. So I don’t know where the notion comes from that we at ASML are less bullish about INA or the adoption of High-NA, that’s not the case. Okay. I mean I think on the contrary, we’ve seen in the interaction with our customers that all our customers now are convinced that High-NA is a more cost-effective solution as opposed to mobile patterning Low-NA. So yes, I don’t know how to answer it differently.
Sandeep Deshpande: I mean — and then another quick follow-up. I mean, in terms of your optimism, I mean, clearly, memory orders were much stronger than we expected in Q4 but there is all these new fabs which are going to be built over the next two to three years. I mean and your customers would have given you what you need to ship to those fabs, etcetera. But do you expect to sign up those logic related? I mean, clearly, memory is going to ramp. You’ve talked about it earlier. But on the Logic side, those orders will be signed up in the next few quarters for ’25 and ’26.
Peter Wennink: Yes. I think — certainly for ’25. I think when we look at our large logic customers, there are still some large customers that still need to order, yes. So for 2025, it still has to come, yes. Now of course, we’re in discussions, this is clear. But I mean, you could also say that some are not in the order book that definitely need to be there if they want to have tools in 2025. So yes, it’s something that you will see over the next couple of quarters.
Sandeep Deshpande: So just to clarify, Peter, what I’m trying to understand is you will get the orders in advance rather than turns business orders that you sometimes recognize orders in the quarter, you shipped, et cetera. But you are demanding on these customers signed orders as such really.
Peter Wennink: I mean, we will get those orders before we start shipping. I mean, that’s clear. In the past, what we used to do but now that’s true. Some time ago, that is the advantage of being in this industry very long, so you have a good memory. In the past, we used to do this because we knew the customers. We’re actually opened the fact the [indiscernible] were there and we’re still negotiating some terms and conditions. That was largely on deep UV which the tool price is, of course, lower. Now you won’t do that when your tools are the €200 million or even €350 million. I mean that’s where the financial risk on both sides is a bit higher. So you want to get a little bit more certainty. So that practice might still be true for some, let’s say, I wouldn’t even call it cheaper tools, they’re [indiscernible] on a $70 million or $80 million achieved tools is deal.
But I mean — but that’s what happened at that time but I don’t think it EUVs, that’s going to be the case.
Skip Miller: All right. Before we sign off, I’d like to remind you and mentioned a few times today and also in the video with Roger earlier, that we — our Investor Day is currently planned to be held in Veltoven on November 14 this year and we hope you’ll all be able to join us. 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 Fourth Quarter and Full Year Financial Results Conference Call. Thank you for participating. You may now disconnect.
