{"id":2206,"date":"2022-11-21T06:28:08","date_gmt":"2022-11-20T21:28:08","guid":{"rendered":"https:\/\/1up-life.blog\/?p=2206"},"modified":"2022-11-21T06:28:08","modified_gmt":"2022-11-20T21:28:08","slug":"%e3%82%a2%e3%83%97%e3%83%a9%e3%82%a4%e3%83%89-%e3%83%9e%e3%83%86%e3%83%aa%e3%82%a2%e3%83%ab%e3%82%ba-amat2022%e5%b9%b4%e7%ac%ac4%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97%e8%aa%ac%e6%98%8e","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=2206","title":{"rendered":"\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u5e02\u5834\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u3066\u3044\u3066\u682a\u4fa1\u3082\u4e0a\u6607\u3057\u307e\u3057\u305f\u306d\u3002\u682a\u4fa1\u306f10\u6708\u304c\u5e95\u306b\u898b\u3048\u308b\u306e\u3067\u9762\u767d\u304f\u306a\u3063\u3066\u304d\u3066\u308b\u6c17\u304c\u3057\u307e\u3059\u3002<\/p>\n<p>\u534a\u5c0e\u4f53\u306e\u5c06\u6765\u6027\u306f\u660e\u308b\u3044\u3068\u601d\u3063\u3066\u3044\u308b\u306e\u3067\u30d0\u30ea\u30a8\u30fc\u30b7\u30e7\u30f3\u304c\u5b89\u3044\u3068\u304d\u306b\u4ed5\u8fbc\u3093\u3067\u304a\u304f\u3068\u9577\u671f\u3067\u306f\u5831\u308f\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u601d\u3063\u3066\u307e\u3059\u3002<\/p>\n<div id=\"attachment_2209\" style=\"width: 1486px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2209\" class=\"wp-image-2209 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/11\/AMAT_2022-11-21_06-22-56.png\" alt=\"\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)\u682a\u4fa1\" width=\"1476\" height=\"816\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/11\/AMAT_2022-11-21_06-22-56.png 1476w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/11\/AMAT_2022-11-21_06-22-56-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/11\/AMAT_2022-11-21_06-22-56-1024x566.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/11\/AMAT_2022-11-21_06-22-56-768x425.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/11\/AMAT_2022-11-21_06-22-56-940x520.png 940w\" sizes=\"auto, (max-width: 1476px) 100vw, 1476px\" \/><p id=\"caption-attachment-2209\" class=\"wp-caption-text\">\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)\u682a\u4fa1<\/p><\/div>\n<p>\u524d\u56de\u306e<a href=\"https:\/\/1up-life.blog\/?p=1954\">2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306f\u3053\u3061\u3089<\/a>\u3067\u3059\u3002<\/p>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>Call participants:<br \/>\nMike Sullivan &#8212; Corporate Vice President<br \/>\nGary Dickerson &#8212; President and Chief Executive Officer<br \/>\nBrice Hill &#8212; Chief Financial Officer<br \/>\nC. J. Muse &#8212; Evercore ISI &#8212; Analyst<br \/>\nStacy Rasgon &#8212; AllianceBernstein &#8212; Analyst<br \/>\nVivek Arya &#8212; Bank of America Merrill Lynch &#8212; Analyst<br \/>\nKrish Sankar &#8212; Cowen and Company &#8212; Analyst<br \/>\nMark Lipacis &#8212; Jefferies &#8212; Analyst<br \/>\nAtif Malik &#8212; Citi &#8212; Analyst<br \/>\nToshi Hari &#8212; Goldman Sachs &#8212; Analyst<br \/>\nHarlan Sur &#8212; JPMorgan Chase and Company &#8212; Analyst<br \/>\nJoe Quatrochi &#8212; Wells Fargo Securities &#8212; Analyst<br \/>\nTimothy Arcuri &#8212; UBS &#8212; Analyst<br \/>\nJoseph Moore &#8212; Morgan Stanley &#8212; Analyst<br \/>\nSidney Ho &#8212; Deutsche Bank &#8212; Analyst<br \/>\nQuinn Bolton &#8212; Needham and Company &#8212; Analyst<br \/>\nPierre Ferragu &#8212; New Street Research &#8212; Analyst<br \/>\nDavid O&#8217;Connor &#8212; Exane BNP Paribas &#8212; Analyst<br \/>\nMore AMAT analysis<\/p>\n<p>2022\u5e7411\u670817\u65e5\u5348\u5f8c4\u664230\u5206\uff08\u7c73\u56fd\u6771\u90e8\u6642\u9593\uff09<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306e\u6c7a\u7b97\u8aac\u660e\u30b3\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\u3078\u3088\u3046\u3053\u305d\u3002\u30d7\u30ec\u30bc\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u306e\u9593\u306f\u3001\u53c2\u52a0\u8005\u5168\u54e1\u304c[Audio gap]\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u5f8c\u3001\u8cea\u7591\u5fdc\u7b54\u306b\u3054\u53c2\u52a0\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u3067\u306f\u3001\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u306e\u30de\u30a4\u30b1\u30eb\u30fb\u30b5\u30ea\u30d0\u30f3\u306b\u3001\u3053\u306e\u4f1a\u8b70\u3092\u5f15\u304d\u7d99\u304e\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30ea\u30d0\u30f3 &#8212; \u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d0\u30a4\u30b9\u30fb\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306e2022\u5e74\u5ea6\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u793e\u9577\u517cCEO\u306e\u30b2\u30fc\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3\u3068\u3001\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\u306e\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb\u304c\u53c2\u52a0\u3057\u307e\u3059\u3002\u59cb\u3081\u308b\u524d\u306b\u3001\u672c\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u306f\u5c06\u6765\u306e\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u304c\u542b\u307e\u308c\u3066\u304a\u308a\u3001\u30ea\u30b9\u30af\u3068\u4e0d\u78ba\u5b9f\u6027\u306b\u3088\u308a\u5b9f\u969b\u306e\u696d\u7e3e\u3068\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3053\u3068\u3092\u304a\u65ad\u308a\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u30ea\u30b9\u30af\u3068\u4e0d\u78ba\u5b9f\u6027\u306b\u95a2\u3059\u308b\u60c5\u5831\u306f\u3001\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306e\u6700\u65b0\u306eForm 10-Q\u304a\u3088\u3073Form 8-K\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u672c\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u306f\u3001\u975eGAAP\u8ca1\u52d9\u6307\u6a19\u3082\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002GAAP\u6307\u6a19\u3078\u306e\u63db\u7b97\u306f\u3001\u672c\u65e5\u306e\u6c7a\u7b97\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u304a\u3088\u3073\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u884c\u3044\u307e\u3059\u3002\u8aac\u660e\u8cc7\u6599\u306f\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\uff08appliedmaterials.com\uff09\u306eIR\u30da\u30fc\u30b8\u3067\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002\u305d\u306e\u524d\u306b\u3001\u30ab\u30ec\u30f3\u30c0\u30fc\u306e\u304a\u77e5\u3089\u305b\u304c\u3042\u308a\u307e\u3059\u3002\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306f\u300112\u670814\u65e5\uff08\u6c34\uff09\u5348\u524d9\u6642\u304b\u3089\u300cE-Beam Technology and New Product\u300d\u30a6\u30a7\u30d6\u30ad\u30e3\u30b9\u30c8\u3092\u958b\u50ac\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n<p>\u592a\u5e73\u6d0b\u6642\u9593 \u30d7\u30ec\u30bc\u30f3\u30bf\u30fc\u306f\u3001\u30a4\u30e1\u30fc\u30b8\u30f3\u30b0\u30fb\u30d7\u30ed\u30bb\u30b9\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30b0\u30eb\u30fc\u30d7\u306e\u30b0\u30eb\u30fc\u30d7\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u30bc\u30cd\u30e9\u30eb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3042\u308b\u30ad\u30fc\u30b9\u30fb\u30a6\u30a7\u30eb\u30ba\u3067\u3059\u306e\u3067\u3001\u3069\u3046\u305e\u3054\u671f\u5f85\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u3067\u306f\u3001Gary Dickerson\uff08\u30b2\u30a4\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3\uff09\u306b\u96fb\u8a71\u3092\u304a\u7e4b\u304e\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b2\u30a4\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3 &#8212; \u793e\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30de\u30a4\u30af\u3001\u3042\u308a\u304c\u3068\u3046\u3002\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306f\u3001\u56db\u534a\u671f\u30d9\u30fc\u30b9\u3067\u904e\u53bb\u6700\u9ad8\u306e\u696d\u7e3e\u3092\u4e0a\u3052\u3001\u5e74\u5ea6\u3092\u529b\u5f37\u304f\u7de0\u3081\u304f\u304f\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u30022022\u5e74\u3092\u901a\u3057\u3066\u3001COVID\u95a2\u9023\u306e\u5236\u7d04\u3084\u3001\u5730\u653f\u5b66\u7684\u30fb\u30de\u30af\u30ed\u7d4c\u6e08\u7684\u306b\u53b3\u3057\u3044\u74b0\u5883\u4e0b\u3067\u306e\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u4e0d\u8db3\u3092\u4e57\u308a\u5207\u308a\u306a\u304c\u3089\u3001\u5805\u5b9f\u306a\u5b9f\u884c\u529b\u3092\u767a\u63ee\u3057\u3066\u304d\u305f\u3002\u304a\u5ba2\u69d8\u306e\u30cb\u30fc\u30ba\u306b\u5fdc\u3048\u308b\u305f\u3081\u306b\u5168\u529b\u3092\u5c3d\u304f\u3057\u3066\u3044\u308b\u5f53\u793e\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u30c1\u30fc\u30e0\u3068\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u306e\u52aa\u529b\u3068\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3092\u8a55\u4fa1\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u4eca\u56de\u306f\u5e74\u672b\u306e\u96fb\u8a71\u4f1a\u8b70\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u307e\u305a\u904e\u53bb12\u30f5\u6708\u9593\u306e\u696d\u7e3e\u3068\u9032\u6357\u306b\u3064\u3044\u3066\u7c21\u5358\u306b\u3054\u8aac 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class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002[\u6700\u521d\u306e\u8cea\u554f\u306f\u30a8\u30d0\u30b3\u30a2ISI\u306eC.J.\u30df\u30e5\u30fc\u30ba\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>C. J. Muse &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306f\u3044\u3002\u3053\u3093\u306b\u3061\u306f\u3002\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u4e2d\u56fd\u306b\u3064\u3044\u30661\u3064\u3060\u3051\u660e\u78ba\u306b\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>10\u670812\u65e5\u306e\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u306810\u670830\u65e5\u306e\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u306e\u9593\u306b\u4f55\u304c\u5909\u308f\u3063\u305f\u306e\u304b\u3001\u305d\u3057\u3066\u3001\u672c\u5f53\u306b\u5927\u3057\u305f\u5f71\u97ff\u306f\u306a\u304b\u3063\u305f\u306e\u304b\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u79c1\u304c\u601d\u3046\u306b\u3001\u672c\u5f53\u306e\u8cea\u554f\u306f\u300123\u5e74\u66a6\u5e74\u306eWFE\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u3001\u4f01\u696d\u306f\u3001WFE\u306e\u72b6\u6cc1\u306f\u5f31\u304f\u3001\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u3068\u3044\u3046\u30c8\u30c3\u30d7\u30c0\u30a6\u30f3\u306e\u898b\u65b9\u3092\u63d0\u4f9b\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3069\u306e\u4f01\u696d\u3082\u3001\u7e70\u5ef6\u53ce\u76ca\u3068\u53d7\u6ce8\u6b8b\u306b\u57fa\u3065\u304f\u30dc\u30c8\u30e0\u30a2\u30c3\u30d7\u3067\u306f\u3001\u898b\u901a\u3057\u3092\u3088\u308a\u697d\u89b3\u8996\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3053\u3067\u3001\u305d\u306e\u53ef\u52d5\u90e8\u5206\u306b\u3064\u3044\u3066\u304a\u8a71\u3057\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f\u307e\u305f\u300123\u5e74\u66a6\u5e74\u306e\u524d\u5e74\u6bd4\u30b7\u30ea\u30b3\u30f3\u4f4e\u4e0b\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306a\u7bc4\u56f2\u307e\u305f\u306f\u7d50\u679c\u3092\u73fe\u5728\u898b\u3066\u3044\u307e\u3059\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001C.J.\u3001\u30d6\u30e9\u30a4\u30b9\u3067\u3059\u3002\u30d6\u30e9\u30a4\u30b9\u3067\u3059\u3002\u4e8b\u524d\u767a\u8868\u3067\u306f\u3001\u4e2d\u56fd\u3068\u306e\u8cbf\u6613\u6469\u64e6\u306b\u3088\u308a4\u5104\u30c9\u30eb\u3001\u30d7\u30e9\u30b9\u30de\u30a4\u30ca\u30b91\u51045,000\u4e07\u30c9\u30eb\u306e\u5f71\u97ff\u304c\u3042\u308b\u3068\u304a\u4f1d\u3048\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u5b9f\u969b\u306b\u3084\u3063\u3066\u307f\u308b\u3068\u3001\u305d\u306e\u5f71\u97ff\u306f2\u51048,000\u4e07\u30c9\u30eb\u7a0b\u5ea6\u306b\u6291\u3048\u3089\u308c\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u56db\u534a\u671f\u672b\u306e\u53d6\u5f15\u306b\u95a2\u9023\u3059\u308b\u8981\u7d20\u3092\u8a66\u7b97\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u6700\u521d\u306e\u898b\u7a4d\u3082\u308a\u306a\u306e\u3067\u3001\u305d\u306e\u70b9\u3067\u306f\u5c11\u3057\u826f\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3082\u3046\u3072\u3068\u3064\u306f\u3001\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u306e\u89b3\u70b9\u3067\u3001\u56db\u534a\u671f\u672b\u306e\u5b9f\u884c\u304c\u307b\u307c\u5b8c\u74a7\u3060\u3063\u305f\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u90e8\u54c1\u3082\u56db\u534a\u671f\u672b\u306b\u591a\u304f\u5165\u8377\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u88fd\u54c1\u306e\u5b8c\u6210\u3068\u73fe\u5834\u3067\u306e\u5b8c\u6210\u3068\u3044\u3046\u89b3\u70b9\u304b\u3089\u30012\u5104\u30c9\u30eb\u4ee5\u4e0a\u306e\u597d\u6750\u6599\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u3053\u306e2\u3064\u304c\u4e3b\u306a\u8981\u56e0\u3067\u3059\u3002\u5f53\u521d\u306e\u898b\u8fbc\u307f\u3092\u5c11\u3057\u4e0a\u56de\u308a\u3001\u5f53\u56db\u534a\u671f\u306e\u6700\u5f8c\u306e\u6570\u9031\u9593\u306f\u9806\u8abf\u306b\u7a3c\u52d5\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u308c\u304b\u3089\u300123\u5e74\u306eWFE\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u4e88\u5099\u7684\u306a\u3082\u306e\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u300223\u5e74\u306e\u696d\u7e3e\u3092\u4e88\u60f3\u3059\u308b\u306e\u306f\u6642\u671f\u5c1a\u65e9\u3067\u3059\u3002\u7b2c1\u56db\u534a\u671f\u3001\u7b2c2\u56db\u534a\u671f\u306e\u53d7\u6ce8\u72b6\u6cc1\u3001\u30d3\u30b8\u30cd\u30b9\u72b6\u6cc1\u3092\u304a\u77e5\u3089\u305b\u3057\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u3001\u3064\u307e\u308a\u7b2c4\u56db\u534a\u671f\u306e\u696d\u7e3e\u304c\u975e\u5e38\u306b\u5805\u8abf\u3067\u3042\u3063\u305f\u3053\u3068\u306f\u3001\u811a\u672c\u306e\u4e2d\u3067\u304a\u8a71\u3057\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u62bc\u3057\u51fa\u3057\u306f\u3042\u308a\u307e\u3057\u305f\u3002\u30e1\u30e2\u30ea\u30fc\u4e8b\u696d\u304c\u5f31\u542b\u307f\u3060\u3063\u305f\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u53d7\u6ce8\u6b8b\u306f\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u307e\u3067\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u7b2c1\u56db\u534a\u671f\u3068\u7b2c2\u56db\u534a\u671f\u306b\u3064\u3044\u3066\u306f\u3001\u307e\u3060\u4f9b\u7d66\u4e0d\u8db3\u306e\u72b6\u614b\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u69d8\u3005\u306a\u88c5\u7f6e\u30e9\u30a4\u30f3\u306b\u306f\u307e\u3060\u5927\u304d\u306a\u30d0\u30c3\u30af\u30ed\u30b0\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u304a\u5ba2\u69d8\u306e\u6ce8\u6587\u306b\u8ffd\u3044\u3064\u304f\u3088\u3046\u52aa\u529b\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u6539\u5584\u3001\u751f\u7523\u91cf\u306e\u5411\u4e0a\u3001\u305d\u3057\u3066\u9867\u5ba2\u304b\u3089\u306e\u6ce8\u6587\u306b\u8ffd\u3044\u3064\u304f\u305f\u3081\u306e\u52aa\u529b\u304c\u5fc5\u8981\u3060\u3068\u3044\u3046\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u308c\u4ee5\u4e0a\u306b\u300123\u5e74\u306eWFE\u306b\u3064\u3044\u3066\u306f\u307e\u3060\u5224\u65ad\u304c\u3064\u304d\u307e\u305b\u3093\u3002<\/p>\n<p>\u30b2\u30a4\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3 &#8212; \u793e\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002C.J.\u3001\u3053\u3061\u3089\u306f\u30b2\u30a4\u30ea\u30fc\u3067\u3059\u3002\u30d6\u30e9\u30a4\u30b9\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u78ba\u304b\u306b\u30d3\u30b8\u30cd\u30b9\u306b\u3064\u3044\u3066\u898b\u901a\u3057\u3092\u7acb\u3066\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u300223\u5e74\u306eWFE\u5168\u4f53\u306b\u3064\u3044\u3066\u3054\u6848\u5185\u3059\u308b\u3064\u3082\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u975e\u5e38\u306b\u5f37\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3044\u307e\u3059\u3002\u4e8b\u696d\u306e\u30d7\u30ed\u30d5\u30a3\u30fc\u30eb\u3092\u898b\u308b\u3068\u3001\u30e1\u30e2\u30ea\u3088\u308a\u3082\u30d5\u30a1\u30a6\u30f3\u30c9\u30ea\u30fb\u30ed\u30b8\u30c3\u30af\u306b\u6bd4\u91cd\u304c\u7f6e\u304b\u308c\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u3044\u304f\u3064\u304b\u306e\u5f37\u529b\u306a\u88fd\u54c1\u3067\u304b\u306a\u308a\u306e\u53d7\u6ce8\u6b8b\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u3089\u306e\u5206\u91ce\u3067\u306f\u307e\u3060\u9700\u7d66\u30ae\u30e3\u30c3\u30d7\u3092\u89e3\u6d88\u3059\u308b\u305f\u3081\u306e\u52aa\u529b\u3092\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u30a2\u30d7\u30e9\u30a4\u30c9\u306e\u7acb\u5834\u304b\u3089\u306f\u3001\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u3001\u3059\u3079\u3066\u306e\u304a\u5ba2\u69d8\u306b\u3068\u3063\u3066\u30d1\u30ef\u30fc\u3068\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u7af6\u4e89\u304c\u91cd\u8981\u3067\u3042\u308a\u3001\u5f53\u793e\u306f\u6709\u529b\u88fd\u54c1\u3068\u5927\u304d\u306a\u5909\u5316\u3067\u512a\u4f4d\u306b\u7acb\u3064\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u30fb\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u308b\u3053\u3068\u3082\u91cd\u8981\u306a\u8ab2\u984c\u3067\u3059\u3002<\/p>\n<p>C. J. Muse &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u306f\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3\u306e\u30b9\u30c6\u30a4\u30b7\u30fc\u30fb\u30e9\u30b9\u30b4\u30f3\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Stacy Rasgon &#8212; AllianceBernstein &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3069\u3046\u3082\u3001\u7686\u3055\u3093\u3002\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u4e2d\u56fd\u306e\u5f71\u97ff\u306b\u3064\u3044\u3066\u3001\u7de9\u548c\u3055\u308c\u308b\u5834\u5408\u3068\u3055\u308c\u306a\u3044\u5834\u5408\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u300225\u5104\u30c9\u30eb\u3068\u3044\u3046\u6570\u5b57\u304c\u51fa\u307e\u3057\u305f\u304c\u3001\u3053\u308c\u309215\u5104\u30c9\u30eb\u7a0b\u5ea6\u306b\u6291\u3048\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u305d\u306e\u5927\u304d\u306a\u8981\u7d20\u306f\u30e9\u30a4\u30bb\u30f3\u30b9\u306e\u53d6\u5f97\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u30e9\u30a4\u30bb\u30f3\u30b9\u306f\u3069\u3053\u3067\u53d6\u5f97\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u591a\u56fd\u7c4d\u4f01\u696d\u3060\u3051\u3067\u3057\u3087\u3046\u304b\uff1f\u4e2d\u56fd\u306e\u4eba\u305f\u3061\u306b\u3082\u30e9\u30a4\u30bb\u30f3\u30b9\u304c\u4e0e\u3048\u3089\u308c\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u304b\uff1f\u3064\u307e\u308a\u3001\u3069\u3046\u3057\u3066\u305d\u3093\u306a\u3053\u3068\u304c\u8d77\u3053\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3069\u306e\u3088\u3046\u306a\u30e1\u30ab\u30cb\u30ba\u30e0\u3067\u3001\u672a\u51e6\u7406\u6570\u5bfe&#8230; \u7de9\u548c\u6570\u5bfe\u672a\u51e6\u7406\u6570\u3067\u6765\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30b9\u30c6\u30a4\u30b7\u30fc\u3001\u30d6\u30e9\u30a4\u30b9\u3067\u3059\u3002\u3053\u306e\u672a\u51e6\u7406\u3068\u7de9\u548c\u306e\u6bd4\u8f03\u306f\u3001\u4e2d\u56fd\u3078\u306e\u51fa\u8377\u3068\u4e2d\u56fd\u306e\u9867\u5ba2\u3078\u306e\u5f71\u97ff\u306b\u95a2\u4fc2\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u8a00\u3044\u63db\u3048\u308c\u3070\u3001\u4e2d\u56fd\u306e\u9867\u5ba2\u5411\u3051\u306b\u88fd\u9020\u3057\u3066\u3044\u308b\u88fd\u54c1\u3092\u4e2d\u56fd\u4ee5\u5916\u306e\u9867\u5ba2\u306b\u51fa\u8377\u3067\u304d\u308b\u304b\u3069\u3046\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3064\u307e\u308a\u3001\u5f71\u97ff\u3092\u53d7\u3051\u308b\u9867\u5ba2\u304b\u3089\u306e\u53d7\u6ce8\u3092\u8a08\u7b97\u3057\u3001\u305d\u306e\u5408\u8a08\u304c25\u5104\u30c9\u30eb\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u3092\u8efd\u6e1b\u3059\u308b\u305f\u3081\u306b&#8230;<\/p>\n<p>Stacy Rasgon &#8212; AllianceBernstein &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u591a\u56fd\u7c4d\u4f01\u696d\u3082\u542b\u307e\u308c\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Brice Hill &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3082\u3046\u4e00\u5ea6\u8a00\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Stacy Rasgon &#8212; AllianceBernstein &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3054\u3081\u3093\u306a\u3055\u3044. \u591a\u56fd\u7c4d\u4f01\u696d\u3082\u542b\u307e\u308c\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u4e2d\u56fd\u306e\u30ed\u30fc\u30ab\u30eb\u4f01\u696d\u3060\u3051\u3067\u3059\u304b\uff1f<\/p>\n<p>Brice Hill &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Stacy Rasgon &#8212; AllianceBernstein &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n[\u805e\u304d\u53d6\u308c\u305a]\n<p>Brice Hill &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u305d\u306e\u6280\u8853\u304c\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3\u306e\u7bc4\u56f2\u5185\u3067\u3042\u308b\u3053\u3068\u3092\u8a3c\u660e\u3059\u308c\u3070\u3001\u30e9\u30a4\u30bb\u30f3\u30b9\u3092\u7533\u8acb\u3057\u305f\u308a\u3001\u8a8d\u53ef\u3092\u53d7\u3051\u305f\u308a\u3067\u304d\u308b\u3053\u3068\u3092\u660e\u78ba\u306b\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u9867\u5ba2\u3082\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u306e\u30d7\u30ed\u30bb\u30b9\u3082\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002\u4e00\u65b9\u3001\u304a\u5ba2\u69d8\u306e\u4e2d\u306b\u306f\u3001\u30d7\u30e9\u30f3\u3092\u5909\u66f4\u3057\u305f\u308a\u3001\u6280\u8853\u3092\u5909\u66f4\u3057\u305f\u308a\u3059\u308b\u65b9\u3082\u3044\u3089\u3063\u3057\u3083\u308b\u3068\u601d\u3044\u307e\u3059\u306e\u3067\u3001\u305d\u306e\u5834\u5408\u306f\u3001\u73fe\u6642\u70b9\u3067\u306f\u30eb\u30fc\u30eb\u306e\u5f71\u97ff\u3092\u53d7\u3051\u308b\u95be\u5024\u3092\u8d85\u3048\u306a\u3044\u3088\u3046\u306b\u3057\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u3053\u306e2\u3064\u306e\u8981\u7d20\u306b\u3088\u3063\u3066\u3001\u4e00\u90e8\u306e\u304a\u5ba2\u69d8\u304c\u540c\u68b1\u3084\u51fa\u8377\u304c\u3067\u304d\u305f\u3053\u3068\u3001\u3042\u308b\u3044\u306f\u4e00\u90e8\u306e\u304a\u5ba2\u69d8\u304c\u6280\u8853\u9762\u3067\u30d7\u30e9\u30f3\u3092\u5909\u66f4\u3057\u3001\u51fa\u8377\u306e\u5bfe\u8c61\u3068\u306a\u308b\u3053\u3068\u3092\u660e\u78ba\u306b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>Stacy Rasgon &#8212; AllianceBernstein &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\uff1f\u901a\u5e38\u3067\u3042\u308c\u3070\u4ed6\u306e\u8ab0\u304b\u304c\u88fd\u9020\u3057\u3066\u3044\u305f\u306f\u305a\u306e\u88fd\u54c1\u3092\u5438\u3044\u4e0a\u3052\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u3046\u3067\u306a\u3051\u308c\u3070\u3001\u672c\u8cea\u7684\u306b\u3001\u771f\u7a7a\u5730\u5e2f\u306b\u6700\u5148\u7aef\u306e\u4f9b\u7d66\u3092\u8ffd\u52a0\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u304b\u3089\u3067\u3059\u3002\u3053\u306e2\u6b21\u52b9\u679c\u306b\u3064\u3044\u3066\u306f\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u308c\u3070\u3088\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u308c\u306f\u8003\u3048\u3089\u308c\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f\u3001\u3059\u3079\u3066\u306e\u6a5f\u5668\u304c\u5229\u7528\u3055\u308c\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u3082\u3057\u305d\u306e\u6a5f\u5668\u304c\u5225\u306e\u7528\u9014\u306b\u79fb\u3063\u305f\u3068\u3057\u3066\u3082\u3001\u5143\u306e\u9700\u8981\u76ee\u7684\u306e\u305f\u3081\u306b\u5225\u306e\u5834\u6240\u306b\u57cb\u3081\u623b\u3055\u308c\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Stacy Rasgon &#8212; AllianceBernstein &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u6700\u5f8c\u306b\u3082\u3046\u3072\u3068\u3064\u3060\u3051\u3002\u4eca\u3001\u3042\u306a\u305f\u306f\u672a\u7a3c\u50cd\u306e\u6c34\u6e96\u3067\u52d5\u3044\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3044\u3064\u9803\u3001\u7de9\u548c\u3055\u308c\u305f\u30ec\u30d9\u30eb\u306b\u306a\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u3042\u308b\u6642\u70b9\u3067\u8efd\u6e1b\u30ec\u30d9\u30eb\u306b\u9054\u3059\u308b\u53ef\u80fd\u6027\u306f\u3069\u306e\u7a0b\u5ea6\u3042\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u4e00\u6982\u306b\u306f\u8a00\u3048\u307e\u305b\u3093\u3002\u30d7\u30ed\u30bb\u30b9\u306a\u306e\u3067\u3059\u3002\u591a\u304f\u306e\u4eba\u304c\u3053\u306e\u554f\u984c\u306b\u53d6\u308a\u7d44\u3093\u3067\u3044\u308b\u3053\u3068\u306f\u3054\u60f3\u50cf\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u5b9f\u969b\u3001\u696d\u754c\u5168\u4f53\u304c\u3053\u308c\u306b\u53d6\u308a\u7d44\u3093\u3067\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u73fe\u6642\u70b9\u3067\u306f\u3001\u5897\u7523\u306b\u7d9a\u304f2\u756a\u76ee\u306e\u4ed5\u4e8b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u73fe\u6642\u70b9\u3067\u306f\u307e\u3060\u826f\u3044\u898b\u7a4d\u3082\u308a\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002\u79c1\u305f\u3061\u306f\u3001\u51fa\u8377\u53ef\u80fd\u306a\u9867\u5ba2\u3068\u5de5\u5834\u306e\u6570\u3092\u6539\u5584\u3059\u308b\u305f\u3081\u306b\u3001\u5e74\u9593\u3092\u901a\u3057\u3066\u53d6\u308a\u7d44\u3093\u3067\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002<\/p>\n<p>Stacy Rasgon &#8212; AllianceBernstein &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002OK\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Brice Hill &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u306f\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\u306e\u30f4\u30a3\u30f4\u30a7\u30af\u30fb\u30a2\u30fc\u30e4\u3055\u3093\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Vivek Arya &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u3060\u3055\u3063\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305f\u3060\u3001\u306f\u3063\u304d\u308a\u3055\u305b\u305f\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u30d6\u30e9\u30a4\u30b9\u3001\u3042\u306a\u305f\u306f\u3069\u3053\u304b\u3067\u7b2c2\u56db\u534a\u671f\u306e\u898b\u901a\u3057\u3092\u793a\u3057\u305f\u3068\u8a00\u3044\u307e\u3057\u305f\u306d\u3002\u79c1\u306f\u305d\u308c\u3092\u7406\u89e3\u3057\u3066\u3044\u306a\u304b\u3063\u305f\u3088\u3046\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u304b\u3089\u3001\u5fa1\u793e\u306e\u30e1\u30e2\u30ea\u30fc\u9867\u5ba2\u6570\u793e\u304c\u3001\u6765\u5e74\u306f\u652f\u51fa\u304c50%\u4ee5\u4e0a\u6e1b\u5c11\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002\u6700\u8fd1\u3001\u30de\u30a4\u30af\u30ed\u30f3\u304c\u305d\u308c\u4ee5\u4e0a\u306b\u843d\u3061\u8fbc\u3080\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u8a00\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u305d\u306e\u3088\u3046\u306a\u9867\u5ba2\u304b\u3089\u306e\u6ce8\u6587\u304c50\uff05\u8fd1\u304f\u30ad\u30e3\u30f3\u30bb\u30eb\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u306b\u304a\u6c17\u3065\u304d\u3067\u3057\u3087\u3046\u304b\uff1f\u3068\u3044\u3046\u306e\u3082\u3001\u4e2d\u56fd\u4ee5\u5916\u306e\u5730\u57df\u3067\u306f\u3001\u3082\u3061\u308d\u3093\u3042\u306a\u305f\u306e\u30b3\u30e1\u30f3\u30c8\u306f\u3088\u308a\u7a4f\u3084\u304b\u3067\u3001\u3088\u308a\u652f\u6301\u7684\u306a\u3082\u306e\u306b\u805e\u3053\u3048\u307e\u3059\u304c\u3001\u3042\u306a\u305f\u306e\u30e1\u30e2\u30ea\u9867\u5ba2\u304c\u63d0\u4f9b\u3059\u308b\u975e\u5e38\u306b\u6050\u308d\u3057\u3044\u30ac\u30a4\u30c0\u30f3\u30b9\u3068\u8abf\u548c\u3055\u305b\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u30d5\u30a1\u30a6\u30f3\u30c9\u30ea\u30fb\u30ed\u30b8\u30c3\u30af\u306b\u6bd4\u3079\u308c\u3070\u30e1\u30e2\u30ea\u3078\u306e\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u306f\u5c11\u306a\u3044\u3068\u306f\u601d\u3044\u307e\u3059\u304c\u3001\u305d\u308c\u3067\u3082\u305d\u308c\u306a\u308a\u306e\u898f\u6a21\u306e\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u8a2d\u5099\u6295\u8cc7\u306e50\uff05\u524a\u6e1b\u306f\u3001\u53d7\u6ce8\u6b8b\u306e\u6e1b\u5c11\u3084\u6765\u5e74\u306e\u30e1\u30e2\u30ea\u306b\u5bfe\u3059\u308b\u8003\u3048\u65b9\u306e\u5909\u5316\u306b\u3064\u306a\u304c\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Brice Hill &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002Vivek\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7b2c2\u56db\u534a\u671f\u306b\u3064\u3044\u3066\u306f\u3001\u307e\u3060\u4f55\u3082\u7533\u3057\u4e0a\u3052\u3089\u308c\u307e\u305b\u3093\u3002\u8a18\u9332\u7684\u306a\u53d7\u6ce8\u6b8b\u3068\u3001\u5236\u7d04\u304c\u3042\u308b\u3053\u3068\u3001\u3044\u304f\u3064\u304b\u306e\u88c5\u7f6e\u30e9\u30a4\u30f3\u3067\u306f\u9867\u5ba2\u304b\u3089\u306e\u53d7\u6ce8\u304c\u9045\u308c\u3066\u3044\u308b\u3053\u3068\u3092\u5f37\u8abf\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u751f\u7523\u91cf\u3092\u5897\u3084\u305d\u3046\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u30b3\u30e1\u30f3\u30c8\u306f\u7b2c1\u56db\u534a\u671f\u3001\u7b2c2\u56db\u534a\u671f\u3068\u3082\u306b\u5f53\u3066\u306f\u307e\u308b\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002\u3067\u3059\u304b\u3089\u3001\u7b2c2\u56db\u534a\u671f\u306b\u3064\u3044\u3066\u306f\u3001\u3053\u306e\u7a0b\u5ea6\u306e\u8aac\u660e\u3057\u304b\u3067\u304d\u307e\u305b\u3093\u3002\u30e1\u30e2\u30ea\u30fc\u306b\u95a2\u3057\u3066\u306f\u3001\u5168\u4f53\u7684\u306a\u9700\u8981\u74b0\u5883\u306b\u3064\u3044\u3066\u5c11\u3057\u8a71\u3092\u623b\u3057\u307e\u3059\u304c\u3001\u524d\u56db\u534a\u671f\u3067\u306f\u300123\u5e74\u306e\u4f9b\u7d66\u80fd\u529b\u3092\u5927\u5e45\u306b\u4e0a\u56de\u308b\u9700\u8981\u304c\u3042\u308b\u3068\u4f4d\u7f6e\u3065\u3051\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u306e\u56db\u534a\u671f\u4e2d\u306b\u3001\u9700\u8981\u306e\u5927\u5e45\u306a\u62bc\u3057\u4e0b\u3052\u3068\u524a\u6e1b\u304c\u8d77\u3053\u308a\u307e\u3057\u305f\u3002\u6700\u7d42\u7684\u306a\u7d50\u679c\u306f\u3054\u89a7\u306e\u901a\u308a\u3067\u3059\u3002\u7b2c4\u56db\u534a\u671f\u3082\u5805\u8abf\u306a\u4e88\u7d04\u72b6\u6cc1\u3067\u3057\u305f\u3002\u307e\u305f\u3001\u8a18\u9332\u7684\u306a\u53d7\u6ce8\u6b8b\u304c\u3042\u308a\u3001\u3053\u308c\u306f\u73fe\u5728\u958b\u793a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u62bc\u3057\u51fa\u3057\u3084\u524a\u6e1b\u306e\u4e00\u90e8\u306f\u3001\u9593\u9055\u3044\u306a\u304f\u30e1\u30e2\u30ea\u30fc\u5206\u91ce\u3067\u3042\u3063\u305f\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002\u4f55\uff05\u304b\u306f\u7533\u3057\u4e0a\u3052\u3089\u308c\u307e\u305b\u3093\u304c\u300123\u5e74\u306e\u62bc\u3057\u51fa\u3057\u3068\u524a\u6e1b\u3068\u3044\u3046\u70b9\u3067\u306f\u3001\u3053\u306e\u5206\u91ce\u304c\u6700\u3082\u5927\u304d\u306a\u5f71\u97ff\u3092\u53d7\u3051\u3066\u3044\u308b\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Vivek Arya &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3067\u306f\u300150%\u306e\u524a\u6e1b\u3092\u898b\u8fbc\u3093\u3067\u3044\u308b\u306e\u3067\u3059\u304b\uff1f\u9867\u5ba2\u304b\u3089\u805e\u3044\u3066\u3044\u308b\u8a71\u3068\u3001\u5fa1\u793e\u306e\u73fe\u5834\u3067\u898b\u3066\u3044\u308b\u8a71\u3092\u5408\u308f\u305b\u3066\u307f\u305f\u3044\u306e\u3067\u3059\u304c\u3002<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u7533\u3057\u8a33\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u6b63\u78ba\u306b\u6570\u5024\u5316\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002\u305f\u3060\u3001\u3053\u308c\u306f\u504f\u3063\u305f\u3082\u306e\u3067\u3001\u524a\u6e1b\u5e45\u304c\u305d\u306e\u9818\u57df\u306b\u504f\u3063\u3066\u3044\u305f\u3068\u3044\u3046\u3060\u3051\u306e\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>Vivek Arya &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u30b3\u30fc\u30a6\u30a7\u30f3\u306e\u30af\u30ea\u30b7\u30e5\u30fb\u30b5\u30f3\u30ab\u30fc\u6c0f\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u30af\u30ea\u30b7\u30e5\u30fb\u30b5\u30f3\u30ab\u30fc &#8212; \u30b3\u30fc\u30a6\u30a7\u30f3\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; 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&#8212; 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Malik &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306e\u91dd\u4fca\u5f66\u6c0f\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u30c8\u30b7\u30fb\u30cf\u30ea &#8212; \u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9 &#8212; 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&#8212; JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3067\u306f\u6b21\u306e\u8cea\u554f\u306f\u3001\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u306e\u30b8\u30e7\u30fc\u30fb\u30af\u30a2\u30c8\u30ed\u30ad\u3055\u3093\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Joe Quatrochi &#8212; Wells Fargo Securities &#8212; 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\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u30012\u3064\u3042\u308a\u307e\u3059\u3002\u3069\u306e\u671f\u9593\u3092\u898b\u308b\u304b\u306b\u3088\u3063\u3066\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u5c06\u6765\u7684\u306b\u898b\u308b\u3068\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u3078\u306e\u5f71\u97ff\u306f\u3001\u4e00\u822c\u7684\u306b\u5c0f\u898f\u6a21\u306a\u9867\u5ba2\u3067\u3042\u308b\u3053\u3068\u306b\u8d77\u56e0\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306e\u3053\u308c\u3089\u306e\u9867\u5ba2\u306e\u53ce\u76ca\u6027\u306f\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u30df\u30c6\u30a3\u30b2\u30fc\u30b7\u30e7\u30f3\u306b\u3064\u3044\u3066\u306f\u3001\u4eca\u5f8c\u3001\u88fd\u54c1\u306e\u8ca9\u58f2\u5148\u3068\u53ce\u76ca\u6027\u304cTBD\u306b\u306a\u308b\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u73fe\u6642\u70b9\u3067\u306f\u3001\u3054\u8aac\u660e\u3057\u305f\u3088\u3046\u306a\u5f71\u97ff\u3092\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u4eca\u671f\u306f\u3001\u9867\u5ba2\u5411\u3051\u306e\u7279\u6b8a\u306a\u5728\u5eab\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u305d\u306e\u3088\u3046\u306a\u5728\u5eab\u306e\u4e00\u90e8\u306b\u3064\u3044\u3066\u9069\u6b63\u5316\u3092\u9032\u3081\u3066\u304a\u308a\u3001\u3042\u308b\u7a0b\u5ea6\u306f\u6210\u529f\u3057\u307e\u3057\u305f\u304c\u3001\u9700\u8981\u4e88\u6e2c\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u7279\u5b9a\u306e\u5728\u5eab\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>Joe Quatrochi &#8212; \u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u306fUBS\u8a3c\u5238\u306e\u30c6\u30a3\u30e2\u30b7\u30fc\u30fb\u30a2\u30eb\u30ad\u30e5\u30ea\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Timothy Arcuri &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b2\u30fc\u30ea\u30fc\u3001WFE\u30a4\u30f3\u30c6\u30f3\u30b7\u30c6\u30a3\u306b\u3064\u3044\u3066\u8cea\u554f\u304c\u3042\u308a\u307e\u3059\u30022030\u5e74\u307e\u3067\u3001WFE\u306f\u534a\u5c0e\u4f53\u3088\u308a\u3082\u901f\u304f\u6210\u9577\u3059\u308b\u3068\u304a\u3063\u3057\u3083\u3044\u307e\u3057\u305f\u306d\u3002WFE\u30a4\u30f3\u30c6\u30f3\u30b7\u30c6\u30a3\u304c\u4e0a\u6607\u3057\u7d9a\u3051\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u78ba\u304b\u306b\u305d\u306e\u901a\u308a\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u6839\u672c\u7684\u306a\u4e0a\u6607\u5727\u529b\u304c\u3042\u308b\u306e\u306f\u78ba\u304b\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u4e2d\u56fd\u306f\u660e\u3089\u304b\u306b\u3001\u3053\u306e\u7981\u6b62\u4ee4\u3078\u306e\u61f8\u5ff5\u304b\u3089\u3001\u73fe\u5728\u3001\u9700\u8981\u3088\u308a\u3082\u304b\u306a\u308a\u524d\u306b\u30c4\u30fc\u30eb\u3092\u767a\u6ce8\u3057\u3001\u751f\u7523\u80fd\u529b\u3092\u5897\u5f37\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3082\u3057\u4e2d\u56fd\u304c\u3082\u3046\u5c11\u3057\u9045\u308c\u305f\u5730\u57df\u306b\u306a\u308c\u3070\u3001WFE\u306e\u5f37\u5ea6\u306f\u5c11\u3057\u4e0b\u304c\u308a\u3001\u5c11\u3057\u30ea\u30bb\u30c3\u30c8\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u4e3b\u5f35\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3001\u30b2\u30a4\u30ea\u30fc\u3002<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30c6\u30a3\u30e0\u3001\u79c1\u305f\u3061\u304c\u4f7f\u3063\u3066\u3044\u308b\u30b0\u30e9\u30d5\u306e\u7d75\u304c\u982d\u306b\u6d6e\u304b\u3093\u3060\u306e\u3067\u3001\u5c11\u3057\u8a71\u3092\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u3053\u308c\u306f\u30b2\u30a4\u30ea\u30fc\u304c\u8aac\u660e\u3057\u305f\u3088\u3046\u306a\u7406\u7531\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002\u30d7\u30ed\u30bb\u30b9\u306e\u591a\u304f\u306e\u6bb5\u968e\u304c\u3088\u308a\u8907\u96d1\u306b\u306a\u308a\u3001\u3088\u308a\u591a\u304f\u306e\u88c5\u7f6e\u3092\u5fc5\u8981\u3068\u3059\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u304b\u3089\u3067\u3059\u3002\u307e\u305f\u3001\u4e2d\u56fd\u3084ICAPS\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u307f\u308b\u3068\u3001\u3053\u308c\u307e\u3067\u306f\u3001\u65e2\u5b58\u306e\u30d5\u30a1\u30d6\u3084\u30d7\u30ed\u30bb\u30b9\u30c4\u30fc\u30eb\u3092\u518d\u5229\u7528\u3059\u308b\u3053\u3068\u304c\u591a\u304b\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u8a2d\u5099\u5f37\u5ea6\u3092\u4f4e\u304f\u6291\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u3053\u3053\u6570\u5e74\u3001\u3053\u306e\u3088\u3046\u306a\u3053\u3068\u306f\u8d77\u3053\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u3053\u308c\u307e\u3067\u3001\u5de5\u5834\u5efa\u8a2d\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u6570\u306b\u3064\u3044\u3066\u8ff0\u3079\u3066\u304d\u307e\u3057\u305f\u3002ICAPS\u306e\u5206\u91ce\u3067\u3082\u3001\u751f\u7523\u80fd\u529b\u306e\u5897\u5f37\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u3001\u307b\u3093\u306e\u6570\u5e74\u524d\u307e\u3067\u6700\u5148\u7aef\u3067\u7d4c\u9a13\u3057\u3066\u3044\u305f\u3088\u3046\u306a\u5f37\u5ea6\u304c\u898b\u3089\u308c\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u305d\u308c\u304c\u5168\u4f53\u306e\u5e73\u5747\u7684\u306a\u5f37\u5ea6\u3092\u9ad8\u3081\u308b\u3053\u3068\u306b\u3082\u3064\u306a\u304c\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4eca\u5f8c\u3082\u5f37\u5ea6\u304c\u4e0a\u304c\u3063\u3066\u3044\u304f\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u30b2\u30a4\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3\uff08\u793e\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30c6\u30a3\u30e0\u3001ICAPS\u306e\u4ef6\u3067\u3059\u304c\u3001\u304b\u3064\u3066\u30d5\u30a1\u30a6\u30f3\u30c9\u30ea\u306b\u591a\u304f\u306e\u30d3\u30b8\u30cd\u30b9\u304c\u79fb\u52d5\u3057\u305f\u6642\u671f\u304c\u3042\u3063\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u305d\u306e\u9593\u306b\u3001\u591a\u304f\u306e\u5de5\u5834\u3084\u30c4\u30fc\u30eb\u304c\u5e02\u5834\u306b\u51fa\u56de\u3063\u305f\u306e\u3067\u3059\u304c\u3001\u305d\u308c\u3089\u306f\u3059\u3079\u3066\u306a\u304f\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u3002\u30d6\u30e9\u30a4\u30b9\u304cICAPS\u306e\u8cc7\u672c\u96c6\u7d04\u5ea6\u306b\u95a2\u9023\u3057\u3066\u8a00\u53ca\u3057\u305f\u306e\u306f\u3001\u3053\u306e\u70b9\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u4e3b\u8981\u306a\u5909\u5316\u3001\u3064\u307e\u308a\u304a\u5ba2\u3055\u307e\u306b\u3068\u3063\u3066\u306e\u6280\u8853\u306e\u5909\u5316\u3092\u30ea\u30b9\u30c8\u30a2\u30c3\u30d7\u3057\u3066\u3001\u914d\u7dda\u3084\u30b9\u30c6\u30c3\u30d7\u6570\u306e\u5897\u52a0\u306b\u3064\u3044\u3066\u8272\u3092\u3064\u3051\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u3059\u3079\u3066\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u3067\u898b\u3089\u308c\u308b\u3053\u3068\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u30012030\u5e74\u307e\u3067\u898b\u636e\u3048\u305f\u5834\u5408\u3001\u8cc7\u672c\u96c6\u7d04\u5ea6\u306f\u304a\u305d\u3089\u304f\u6b63\u3057\u3044\u90f5\u4fbf\u756a\u53f7\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Timothy Arcuri &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30b2\u30a4\u30ea\u30fc\u3001\u30d6\u30e9\u30a4\u30b9\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30b8\u30e7\u30bb\u30d5\u30fb\u30e0\u30fc\u30a2\u3055\u3093\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Joseph Moore &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u591a\u56fd\u7c4d\u4f01\u696d\u306e\u4e2d\u56fd\u306b\u304a\u3051\u308b\u74b0\u5883\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u660e\u3089\u304b\u306b\u3001\u5f7c\u3089\u306f\u30e9\u30a4\u30bb\u30f3\u30b9\u3092\u53d6\u5f97\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u3001\u5f7c\u3089\u306f\u3059\u3050\u306b\u30e9\u30a4\u30bb\u30f3\u30b9\u3092\u53d6\u5f97\u3057\u307e\u3057\u305f\u304c\u3001\u305d\u308c\u306f12\u30f6\u6708\u306e\u30e9\u30a4\u30bb\u30f3\u30b9\u3067\u3059\u3002<\/p>\n<p>\u591a\u56fd\u7c4d\u4f01\u696d\u306e\u304a\u5ba2\u3055\u307e\u306e\u8db3\u5143\u306f\u3001\u4e2d\u56fd\u304b\u3089\u9060\u3056\u304b\u3063\u3066\u3044\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3002\u5c06\u6765\u7684\u306b\u4e2d\u56fd\u304c\u554f\u984c\u306b\u306a\u308b\u53ef\u80fd\u6027\u306f\u3042\u308a\u307e\u3059\u304b\u3002\u307e\u305f\u3001\u591a\u56fd\u7c4d\u4f01\u696d\u304c\u3053\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u53c2\u52a0\u3057\u305f\u3053\u3068\u306b\u3064\u3044\u3066\u3001\u4e00\u822c\u7684\u306a\u8a71\u3092\u805e\u304b\u305b\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b2\u30a4\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3\uff08\u793e\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30b8\u30e7\u30fc\u3001\u30b2\u30a4\u30ea\u30fc\u3067\u3059\u3002\u3054\u8cea\u554f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u591a\u56fd\u7c4d\u4f01\u696d\u306f\u4eca\u65e5\u3001\u5f71\u97ff\u3092\u53d7\u3051\u3066\u3044\u307e\u305b\u3093\u3002\u591a\u56fd\u7c4d\u4f01\u696d\u306e\u6226\u7565\u306b\u3064\u3044\u3066\u306f\u3001\u305c\u3072\u5f7c\u3089\u304b\u3089\u30b3\u30e1\u30f3\u30c8\u3092\u3082\u3089\u3044\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u4eca\u65e5\u3082\u591a\u56fd\u7c4d\u4f01\u696d\u306f\u5f71\u97ff\u3092\u53d7\u3051\u3066\u3044\u307e\u305b\u3093\u3002\u5730\u57df\u7684\u306b\u3069\u306e\u3088\u3046\u306b\u30d3\u30b8\u30cd\u30b9\u3092\u5c55\u958b\u3059\u308b\u304b\u306f\u3001\u5404\u793e\u6b21\u7b2c\u3067\u3059\u3002<\/p>\n<p>Joseph Moore &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001\u30c9\u30a4\u30c4\u9280\u884c\u306e\u30b7\u30c9\u30cb\u30fc\u30fb\u30db\u30fc\u3055\u3093\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Sidney Ho &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u3060\u3055\u3063\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u5148\u307b\u3069\u306e\u9577\u671f\u7684\u306aWFE\u306b\u3064\u3044\u3066\u306e\u8cea\u554f\u306b\u7d9a\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u4eca\u5f8c3\uff5e5\u5e74\u306eWFE\u306e\u6210\u9577\u306b\u3064\u3044\u3066\u304a\u8003\u3048\u306b\u306a\u308b\u3068\u304d\u3001\u7570\u306a\u308b\u30bf\u30a4\u30d7\u306e\u30c4\u30fc\u30eb\u306e\u30df\u30c3\u30af\u30b9\u306b\u3064\u3044\u3066\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u3064\u307e\u308a\u3001\u30c7\u30dd\u30b8\u30b7\u30e7\u30f3\u3068\u30a8\u30c3\u30b8\u3001\u30ea\u30bd\u3068\u30d7\u30ed\u30bb\u30b9\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u304c\u3001\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3068\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306e\u5909\u9077\u306b\u3064\u3044\u3066\u9867\u5ba2\u306b\u8aac\u660e\u3059\u308b\u969b\u306b\u3001\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u5fa1\u793e\u306e\u30b5\u30fc\u30d3\u30b9\u5bfe\u8c61\u5e02\u5834\u306f\u4eca\u5f8c\u3082\u62e1\u5927\u3059\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3069\u306e\u7a0b\u5ea6\u62e1\u5927\u3059\u308b\u306e\u304b\u306b\u3064\u3044\u3066\u3082\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b2\u30a4\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3 &#8212; 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NAND\u306e\u5fae\u7d30\u5316\u304c\u9032\u307f\u3001\u30ed\u30b8\u30c3\u30af\u3068\u30e1\u30e2\u30ea\u3092\u4e00\u7dd2\u306b\u642d\u8f09\u3059\u308b\u305f\u3081\u306b\u3001\u3055\u307e\u3056\u307e\u306a\u6280\u8853\u9769\u65b0\u304c\u9032\u3093\u3067\u3044\u307e\u3059\u3002DRAM\u306f\u9ad8\u901f\u5316\u304c\u9032\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n<p>DRAM\u306f\u9ad8\u901f\u5316\u304c\u9032\u3093\u3067\u304a\u308a\u3001\u9ad8\u8a98\u96fb\u7387\u30e1\u30bf\u30eb\u30b2\u30fc\u30c8\u3084\u30ed\u30b8\u30c3\u30af\u306b\u8fd1\u3044\u69cb\u9020\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u591a\u304f\u306e\u6295\u8cc7\u304c\u6750\u6599\u6280\u8853\u306b\u96c6\u4e2d\u3057\u3066\u304a\u308a\u3001\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306f\u305d\u3053\u306b\u5927\u304d\u306a\u5f37\u307f\u3092\u3082\u3063\u3066\u3044\u307e\u3059\u3002\u30d6\u30e9\u30a4\u30b9\u3001\u4f55\u304b\u88dc\u8db3\u3059\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3044\u3048\u3001\u7d50\u69cb\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Sidney Ho &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059 \u6b21\u306e\u8cea\u554f\u306f\u30cb\u30fc\u30c0\u30e0\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u306e\u30af\u30a4\u30f3\u30fb\u30dc\u30eb\u30c8\u30f3\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u30af\u30a4\u30f3\u30fb\u30dc\u30eb\u30c8\u30f3 &#8212; \u30cb\u30fc\u30c0\u30e0\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002CHIPS\u6cd5\u306e\u7533\u8acb\u306f2\u6708\u9803\u304b\u3089\u53d7\u9818\u307e\u305f\u306f\u63d0\u51fa\u3055\u308c\u308b\u4e88\u5b9a\u3067\u3059\u304c\u3001\u305d\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u8cea\u554f\u3067\u3059\u300223\u5e74\u306eWFE\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u300123\u5e74\u306bCHIPS Act\u306e\u652f\u51fa\u304b\u3089\u4f55\u3089\u304b\u306e\u5229\u76ca\u3092\u5f97\u3089\u308c\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001WFE\u652f\u51fa\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u306e\u306f24\u5e74\u4ee5\u964d\u306b\u306a\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30af\u30a4\u30f3\u300123\u5e74\u306b\u306f\u5c11\u984d\u3067\u3059\u304c\u3001\u672c\u5f53\u306b\u5c11\u984d\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u6a5f\u5668\u306e\u307b\u3046\u306f\u3001\u591a\u304f\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304c\u5efa\u8a2d\u306b\u5165\u308b\u306e\u3067\u300124\u5e74\u304b\u3089\u672c\u683c\u7684\u306b\u59cb\u307e\u308b\u3067\u3057\u3087\u3046\u3002\u8a2d\u5099\u6295\u8cc7\u3092\u958b\u59cb\u3059\u308b\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3082\u3044\u304f\u3064\u304b\u3042\u308a\u307e\u3059\u304c\u3001\u5f53\u793e\u3067\u306f24\u5e74\u306b\u958b\u59cb\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n<p>\u30b2\u30a4\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3\uff08\u793e\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30af\u30a4\u30f3\u3001\u3072\u3068\u3064\u4ed8\u3051\u52a0\u3048\u308b\u3068\u3059\u308c\u3070\u3001\u3053\u308c\u3089\u306e\u6295\u8cc7\u306f\u6642\u9593\u7684\u5236\u7d04\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u30d6\u30e9\u30a4\u30b9\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u300123\u5e74\u306b\u306f\u3042\u307e\u308a\u306a\u304f\u300124\u5e74\u304b\u3089\u3067\u3059\u304c\u3001\u3053\u308c\u3089\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306b\u95a2\u9023\u3059\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30af\u30a4\u30f3\u30fb\u30dc\u30eb\u30c8\u30f3 &#8212; \u30cb\u30fc\u30c9\u30cf\u30e0\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30ea\u30d0\u30f3 &#8212; \u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d0\u30a4\u30b9\u30fb\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30af\u30a4\u30f3\u3002\u305d\u308c\u3067\u306f\u3001\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u65b9\u3001\u4eca\u65e5\u306f\u3042\u30682\u554f\u306e\u6642\u9593\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u78ba\u304b\u306b \u6b21\u306e\u8cea\u554f\u306fNew Street\u306ePierre Ferragu\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Pierre Ferragu &#8212; New Street Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b2\u30a4\u30ea\u30fc\u3001\u8cc7\u672c\u96c6\u7d04\u5ea6\u306b\u3064\u3044\u3066\u306e\u30b3\u30e1\u30f3\u30c8\u3068\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30c8\u30ec\u30fc\u30ea\u30f3\u30b0\u30fb\u30a8\u30c3\u30b8\u90e8\u5206\u306b\u3064\u3044\u3066\u306e\u5177\u4f53\u7684\u306a\u8a71\u306b\u623b\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u8cc7\u672c\u96c6\u7d04\u5ea6\u304c\u975e\u5e38\u306b\u9ad8\u3044\u7406\u7531\u306f3\u3064\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u30012\u3064\u3042\u308a\u307e\u3059\u306d\u3002\u3064\u307e\u308a\u3001\u904e\u53bb\u3088\u308a\u3082\u9ad8\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u307e\u305a1\u3064\u76ee\u306f\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u304c\u8d77\u3053\u3063\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u308c\u304c\u8cc7\u672c\u96c6\u7d04\u5ea6\u3092\u9ad8\u3081\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u4ee5\u524d\u306f\u4e2d\u53e4\u5e02\u5834\u304c\u3042\u308a\u3001\u305d\u308c\u304c\u306a\u304f\u306a\u308a\u3064\u3064\u3042\u308b\u3068\u3044\u3046\u304a\u8a71\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u79c1\u304c\u8cea\u554f\u3057\u305f\u3044\u306e\u306f\u3001\u4eca\u65e5\u306e\u975e\u5e38\u306b\u9ad8\u3044\u8cc7\u672c\u96c6\u7d04\u5ea6\u3092\u6b63\u5f53\u5316\u3059\u308b\u7b2c\u4e09\u306e\u8981\u7d20\u304c\u3042\u308b\u306f\u305a\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u3053\u306e\u751f\u7523\u80fd\u529b\u5897\u5f37\u304c\u3042\u308b\u6642\u70b9\u3067\u6e1b\u901f\u3059\u308b\u304b\u3001\u3042\u308b\u3044\u306f\u4e00\u6642\u505c\u6b62\u3059\u308b\u53ef\u80fd\u6027\u304c\u975e\u5e38\u306b\u9ad8\u3044\u306e\u3067\u3059\u3002\u305d\u308c\u306b\u3064\u3044\u3066\u3001\u3042\u306a\u305f\u306e\u8003\u3048\u3092\u805e\u304b\u305b\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b2\u30a4\u30ea\u30fc\u30fb\u30c7\u30a3\u30c3\u30ab\u30fc\u30bd\u30f3\uff08\u793e\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30d4\u30a8\u30fc\u30eb\u3001\u30b2\u30a4\u30ea\u30fc\u3067\u3059\u3002\u8cea\u554f\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u5e02\u5834\u304c\u6bce\u5e74\u4e0a\u6607\u3059\u308b\u3053\u3068\u306f\u306a\u3044\u3068\u3001\u79c1\u305f\u3061\u306f100\uff05\u78ba\u4fe1\u3057\u3066\u3044\u308b\u3068\u7533\u3057\u4e0a\u3052\u305f\u3044\u3002\u3057\u304b\u3057\u30012030\u5e74\u307e\u3067\u306b\u30a8\u30c3\u30b8\u30fb\u30b3\u30f3\u30d4\u30e5\u30fc\u30c6\u30a3\u30f3\u30b0\u30fb\u30c7\u30d0\u30a4\u30b9\u304c\u3069\u306e\u7a0b\u5ea6\u306b\u306a\u308b\u304b\u3092\u8003\u3048\u308b\u3068\u3001\u3053\u308c\u3089\u306e\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306f\u3088\u308a\u5e83\u304f\u6d78\u900f\u3057\u3066\u3044\u304f\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u7523\u696d\u30aa\u30fc\u30c8\u30e1\u30fc\u30b7\u30e7\u30f3\u3084\u30ac\u30b9\u3001\u30b9\u30de\u30fc\u30c8\u96fb\u6c17\u81ea\u52d5\u8eca\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u5206\u91ce\u3067\u3001ICAPS\u306e\u6280\u8853\u306f\u304b\u306a\u308a\u306e\u5e74\u5e73\u5747\u6210\u9577\u7387\u3067\u4f38\u3073\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002\u3053\u308c\u306f\u3001\u4ed6\u306e\u4eba\u305f\u3061\u3082\u540c\u3058\u3088\u3046\u306b\u898b\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u308c\u304c\u6bce\u5e74\u3069\u306e\u3088\u3046\u306a\u5f62\u3067\u73fe\u308c\u308b\u306e\u304b\u3001\u79c1\u305f\u3061\u306f\u4e88\u6e2c\u3067\u304d\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u4e8b\u696d\u306f\u5065\u5168\u306a\u6210\u9577\u3092\u9042\u3052\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3060\u304b\u3089\u30013\u5e74\u524d\u306bICAPS\u3092\u8a2d\u7acb\u3057\u305f\u306e\u3067\u3059\u3002\u3053\u306e\u5e02\u5834\u306f\u6210\u9577\u306e\u89b3\u70b9\u304b\u3089\u91cd\u8981\u3067\u3042\u308b\u3068\u8003\u3048\u3001\u79c1\u305f\u3061\u306e\u3055\u307e\u3056\u307e\u306a\u6280\u8853\u3092\u7d50\u96c6\u3055\u305b\u305f\u306e\u3067\u3059\u3002ICAPS\u306e\u3059\u3079\u3066\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u3092\u898b\u6e21\u3059\u3068\u3001\u9577\u671f\u7684\u306b\u306f\u5e74\u5e73\u5747\u6210\u9577\u7387\u304c\u5927\u5e45\u306b\u5411\u4e0a\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306fICAP\u306e\u4e2d\u3067\u3001\u3053\u308c\u3089\u306e\u6280\u8853\u306e\u5909\u9077\u3092\u53ef\u80fd\u306b\u3059\u308b\u975e\u5e38\u306b\u5f37\u529b\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u5e74\u5358\u4f4d\u3067\u306e\u5177\u4f53\u7684\u306a\u30d7\u30ed\u30d5\u30a3\u30fc\u30eb\u3092\u793a\u3059\u3064\u3082\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Pierre Ferragu &#8212; New Street Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30b2\u30a4\u30ea\u30fc\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u305d\u308c\u3067\u306f\u6700\u5f8c\u306b\u3001\u30a8\u30af\u30b5\u30f3BNP\u306e\u30c7\u30d3\u30c3\u30c9\u30fb\u30aa\u30b3\u30ca\u30fc\u3055\u3093\u304b\u3089\u3054\u8cea\u554f\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>David O&#8217;Connor &#8212; Exane BNP Paribas &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3053\u3093\u306b\u3061\u306f\u3002\u3054\u8cea\u554f\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30d0\u30c3\u30af\u30ed\u30b0\u306b\u3064\u3044\u3066\u3001\u524d\u306e\u8cea\u554f\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3067\u3059\u3002<\/p>\n<p>\u30b2\u30fc\u30ea\u30fc\u307e\u305f\u306f\u30d6\u30e9\u30a4\u30b9\u3001\u53d7\u6ce8\u6b8b\u3092\u3088\u308a\u6b63\u5e38\u306a\u6c34\u6e96\u306b\u623b\u3059\u305f\u3081\u306e\u6642\u9593\u67a0\u306b\u3064\u3044\u3066\u3069\u3046\u8003\u3048\u308c\u3070\u3088\u3044\u3067\u3057\u3087\u3046\u304b\u3001\u3042\u308b\u3044\u306f\u3001PPACt\u5074\u3067\u304b\u306a\u308a\u71b1\u304f\u306a\u3063\u3066\u3044\u308b\u88fd\u54c1\u306e\u9700\u8981\u306b\u8ffd\u3044\u3064\u304f\u306e\u306f\u3044\u3064\u9803\u306b\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30c7\u30d3\u30c3\u30c9\u30022\u56db\u534a\u671f\u4ee5\u4e0a\u304b\u304b\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u6a5f\u5668\u306e\u7a2e\u985e\u306b\u3082\u3088\u308a\u307e\u3059\u304c\u30012\uff5e4\u56db\u534a\u671f\u3068\u3044\u3046\u306e\u304c\u793e\u5185\u3067\u306e\u4e88\u60f3\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u70b9\u306b\u91cd\u70b9\u3092\u7f6e\u3044\u3066\u3044\u307e\u3059\u3002\u304a\u5ba2\u69d8\u3068\u306e\u53d6\u5f15\u306f\u9045\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u6bce\u9031\u3001\u751f\u7523\u91cf\u3092\u5897\u3084\u3059\u52aa\u529b\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u3054\u8cea\u554f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>David O&#8217;Connor &#8212; Exane BNP Paribas &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Mike Sullivan &#8212; \u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d0\u30a4\u30b9\u30fb\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002David\u3001\u3054\u8cea\u554f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u30d6\u30e9\u30a4\u30b9\u3055\u3093\u3001\u6700\u5f8c\u306b\u4eca\u65e5\u306e\u611f\u60f3\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30e9\u30a4\u30b9\u30fb\u30d2\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001\u3082\u3061\u308d\u3093\u3067\u3059\u3002\u660e\u3089\u304b\u306b\u3001\u5f53\u9762\u306e\u5e02\u5834\u306b\u306f\u7591\u554f\u304c\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5f53\u793e\u3068\u3057\u3066\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306b\u5065\u5168\u306a\u53d7\u6ce8\u3092\u7372\u5f97\u3057\u3001\u8a18\u9332\u7684\u306a\u53d7\u6ce8\u6b8b\u3092\u9054\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u3053\u3068\u306f\u3001\u304a\u5ba2\u69d8\u306e\u9700\u8981\u306b\u5fdc\u3048\u308b\u305f\u3081\u306b\u751f\u7523\u91cf\u3092\u5897\u3084\u3059\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u5e45\u5e83\u3044\u6280\u8853\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u958b\u767a\u3057\u7d9a\u3051\u3001\u91cd\u8981\u306a\u8ee2\u63db\u70b9\u3092\u63a8\u9032\u3057\u3001\u6700\u7d42\u7684\u306b\u306f1\u5146\u30c9\u30eb\u306e\u534a\u5c0e\u4f53\u5e02\u5834\u3092\u652f\u3048\u308b\u305f\u3081\u306e\u5f37\u529b\u306a\u8ca1\u52d9\u4f53\u8cea\u3092\u5099\u3048\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u958b\u50ac\u3055\u308c\u308b\u30af\u30ec\u30c7\u30a3\u30fb\u30b9\u30a4\u30b9\u3068\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u306e\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u3067\u3001\u591a\u304f\u306e\u65b9\u3005\u3068\u304a\u4f1a\u3044\u3067\u304d\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u307e\u3067\u306f\u3001\u5b89\u5168\u3067\u697d\u3057\u3044\u611f\u8b1d\u796d\u3092\u304a\u904e\u3054\u3057\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30a4\u30af\u3001\u305d\u308d\u305d\u308d\u7d42\u308f\u308a\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30ea\u30d0\u30f3 &#8212; \u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n<p>\u5206\u304b\u3063\u305f \u3088\u304b\u3063\u305f\u3001\u30d6\u30e9\u30a4\u30b9\u3002\u672c\u65e5\u306f\u304a\u96c6\u307e\u308a\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306b\u5f15\u304d\u7d9a\u304d\u3054\u95a2\u5fc3\u3092\u304a\u5bc4\u305b\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u3084\u3054\u611f\u60f3\u3092\u3044\u305f\u3060\u3051\u308b\u3068\u5b09\u3057\u3044\u3067\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u5e02\u5834\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u3066\u3044\u3066\u682a\u4fa1\u3082\u4e0a\u6607\u3057\u307e\u3057\u305f\u306d\u3002\u682a\u4fa1\u306f10\u6708\u304c\u5e95\u306b\u898b\u3048\u308b\u306e\u3067\u9762\u767d\u304f\u306a\u3063\u3066\u304d\u3066\u308b\u6c17\u304c\u3057\u307e\u3059\u3002 \u534a\u5c0e\u4f53\u306e\u5c06\u6765\u6027\u306f\u660e\u308b\u3044\u3068\u601d\u3063\u3066 &#8230; <\/p>\n","protected":false},"author":1,"featured_media":800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[394,395,255,105,83],"class_list":{"0":"post-2206","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-amat","9":"tag-395","10":"tag-255","11":"tag-105","12":"tag-83"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0<\/title>\n<meta name=\"description\" content=\"\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\u5e02\u5834\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u3066\u3044\u3066\u682a\u4fa1\u3082\u4e0a\u6607\u3057\u307e\u3057\u305f\u306d\u3002\u682a\u4fa1\u306f10\u6708\u304c\u5e95\u306b\u898b\u3048\u308b\u306e\u3067\u9762\u767d\u304f\u306a\u3063\u3066\u304d\u3066\u308b\u6c17\u304c\u3057\u307e\u3059\u3002\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/1up-life.blog\/?p=2206\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"og:description\" content=\"\u30a2\u30d7\u30e9\u30a4\u30c9 \u30de\u30c6\u30ea\u30a2\u30eb\u30ba (AMAT)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\u5e02\u5834\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u3066\u3044\u3066\u682a\u4fa1\u3082\u4e0a\u6607\u3057\u307e\u3057\u305f\u306d\u3002\u682a\u4fa1\u306f10\u6708\u304c\u5e95\u306b\u898b\u3048\u308b\u306e\u3067\u9762\u767d\u304f\u306a\u3063\u3066\u304d\u3066\u308b\u6c17\u304c\u3057\u307e\u3059\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/1up-life.blog\/?p=2206\" \/>\n<meta property=\"og:site_name\" content=\"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-20T21:28:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/11\/AMAT.png\" \/>\n\t<meta property=\"og:image:width\" content=\"745\" \/>\n\t<meta property=\"og:image:height\" content=\"188\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u3059\u3051\u307d\u3093\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u3059\u3051\u307d\u3093\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"66\u5206\" \/>\n<script type=\"application\/ld+json\" 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