KLA Corporation (NASDAQ:KLAC) Q1 2024 Earnings Call Transcript

Operator: Thank you. Our last question will come from Brian Chin with Stifel. Your line is open.

Brian Chin: Hi there, thanks for sneaking me in. I’ll just ask one question then to get us out of here. But – and you can correct me if I’m wrong here, but I’ve gotten a sense maybe that given how strong the infrastructure bear wafer and reticle inspection business into China was this year that it could subside a little in the calendar 2024 relative to its strength again this past year. Is that sort of implicit in your outlook in the first half next year? And also, do you think that is proportional in any way to sort of the rate of China fab bill activity that you can maybe observe for next year?

Bren Higgins: Well, I don’t think it’s – I think the overall wafer infrastructure investment will – that’s been faster than WFE growth this year will flatten out as we move into next year. So, there’s that starts to slow down. On China specifically, though, I don’t see it changing much. I don’t think it’s going to grow much next year, but I don’t see it falling off. And that’s across for silicon wafer but also around reticle capability.

Brian Chin: Okay, great. Thank you.

Kevin Kessel: Thank you, Brian and thank you Chelsea. I just wanted to thank everyone again for their time and turn the call back over to you for any final instructions.

Operator: This does conclude the KLA Corporation’s September quarter 2023 earnings call and webcast. Please disconnect your line at this time, and have a wonderful day.