ASML Holding NV (NASDAQ:ASML) Q1 2019 Earnings Conference Call - Final Transcript
Apr 17, 2019 • 09:00 am ET
200-millimeter TWINSCAN systems across all dry wavelength and industry segments. For instance in thin film head manufacturing, we've recently received an order for special version of the XT:1470K, which is a dry ArF platform, which is expected to enable the shrink roadmap at the leading hard disk storage manufacturer.
In our application business, our computational lithography deep learning technology has been adopted at several leading-edge customers. We continue to make progress in e-beam technology and are on track to deliver a multi-beam system for this year for R&D with plans for commercial product shipments in 2020. With the announcement of the acquisition of Mapper's IP assets in January, more than 100 former Mapper employees accepted jobs from ASML and are now working on the development road map of our e-beam and application products.
In summary, despite uncertainty in the current environment, we continue to see market demand that supports another growth year with strengthening of both sales and profitability quarter -on -quarter this year. Logic will be the primary driver of growth this year, supported by technology transitions and production ramp of the most advanced nodes. As discussed memory includes more uncertainty, on the one hand because of the uncertainty of global bit demand, but on the other hand, due to fast adjustment of production capacity and therefore presents both a risk and an opportunity.
Overall, our view of the business is largely unchanged from last quarter, we are on track to achieve our 2020 targets with significant growth potential beyond 2020. With that we would be happy to take your questions.
Ladies and gentlemen, the operator will instruct you momentarily on the protocol for the Q&A session. Beforehand, I'd like to ask that you kindly limit yourself to one question with one short follow-up if necessary. This will allow us to get to as many callers as possible. Now, operator, could we have your final instructions and then the first question please.