Axcelis Technologies, Inc. (NASDAQ:ACLS) Q2 2023 Earnings Call Transcript

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Operator: Our next question comes from Mark Miller with the Benchmark Company.

Mark Miller: One of the companies I cover in the laser business was indicated they were seeing some slowing in the EV market in China. I’m just wondering what you’re seeing?

Doug Lawson: Well, I think, Mark, the — from the device standpoint, we’re not seeing any slowing. So we’re not — we’re a couple — we’re a couple of steps away from the actual cars. And so far the silicon carbide demand is still very high and still supply constrained. So we’re not necessarily seeing that or being impacted by that.

Mark Miller: You mentioned a number of e-mails underway both for silicon carbide and memory, I’m just wondering if you could quantify that?

Russell Low: Yes. So Mark, this is Russell. Right now, we have 9 evalves in the field, I would say they’re across all market segments and product. So we’ve got evalves in memory, image sensors, mature foundry and power. So 3 of the evalves out there, I think we made a press release on this the H200 silicon carbide tools in the power. We have an XEmax for image sensors. We have a straight M, shouldn’t forget we also have a twin dragon at an advanced logic R&D center, where we’re looking to basically get designed in from the start. So yes, we have all market segments and all products and we’re looking, obviously, to work very close to that customers for continuing to grow our business in those areas.

Mark Miller: Just one housekeeping question. What was CapEx?

Kevin Brewer: I’m sorry, I was muted, it was $3 million mark in the quarter.

Operator: This concludes our Q&A portion of the call. I will now turn the call back over to Doug Lawson, who will make some closing remarks.

Doug Lawson: Thank you for joining us today. We have a very busy investor calendar in the coming months. We’ll be at the Fourth Annual Needham Virtual Semiconductor and Semi Cap One-on-One Conference on August 22nd, the Jefferies conference — the Jefferies Semiconductor, IT, Hardware and Communications Technology Summit on August 29 in Chicago and the Benchmark 10th Annual Tech/Media Telecom Conference on September 13 in New York City. We hope to see you at one of these events. Thank you.

Operator: This concludes the presentation. Thank you for your participation in today’s conference and you may now disconnect. Have a good day.

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