KLA Corp at Wells Fargo TMT Summit Transcript

Jan 23, 2024

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Nov 29, 2023 / 05:30PM GMT
Joseph Michael Quatrochi - Wells Fargo Securities, LLC, Research Division - Senior Equity Analyst

So I'm Joe Quatrochi, the semicap analyst here for Wells Fargo. Excited to have KLA here this morning, CFO, Bren Higgins; as well as Brian Lorig, the EVP of Global Support and Services to discuss KLA's services business, which is something that we think is an underappreciated part of semicap and as well as KLA's business.

So maybe first, let's pick on Bren for a little bit, ask a few questions, and then we'll kind of move the discussion to Brian and talk more broadly about the services business.

Questions and Answers:

Joseph Michael Quatrochi - Wells Fargo Securities, LLC, Research Division - Senior Equity Analyst

Bren, let's start. You guys just reported earnings a few weeks ago, but '24 outlook. Kind of maybe help us understand the demand visibility looking into next year. Can you talk about just the different drivers of demand, how you're thinking about recovering leading-edge, foundry logic, stability of domestic China, memory, et cetera?

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