Lam Research to Foster a Semiconductor Fabrication Equipment Supply Chain Ecosystem in India
Lam Research to Foster a Semiconductor Fabrication Equipment Supply Chain Ecosystem in India
Invites qualified suppliers to attend the Lam Research Supply Chain Symposium at
SEMICON India 2024
Bengaluru, India – May 8, 2024 – Lam Research Corp. (Nasdaq: LRCX) today announced its plans to expand its global semiconductor fabrication equipment supply chain to include India. The company is assessing capabilities across various supply chain segments and is exploring India-based suppliers who can collaborate to fulfil the need for precision components, custom parts, high purity gas delivery systems and other assemblies that go into cutting-edge semiconductor wafer fabrication equipment.
The global semiconductor industry is expected to grow to $1 trillion in annual revenue by the end of this decade, according to experts. Lam continues to focus on fostering a strong, resilient, and geographically diverse supply chain to address current and future demand. This announcement is part of Lam’s ongoing efforts to cultivate a more resilient supply chain through strategic expansion in the region.
As demand for semiconductors increases, there is an even greater need for collaboration and global engagement of expertise, intellectual property, materials, and talent. Lam has a “close to customer” strategy that drives collaboration with thousands of suppliers around the world. This helps build resilience against region-specific supply chain issues and prevent supply bottlenecks. Lam has been operating in India for more than 20 years, benefiting from its prime location close to customers in Asia.
“At Lam, we believe that collaborative supply chain relationships are key to fostering innovation and the best service for our customers,” said Karthik Rammohan, group vice president and head of global operations at Lam Research. “Leveraging the infrastructure and talent of our India Center of Engineering, our new proactive initiative to drive supply chain growth in India also has the capacity to contribute to improved performance, sustainability, and enhanced capabilities for our customers regionally and across Asia.”
“We are proud to be expanding our supply chain in India,” said Rangesh Raghavan, corporate vice president and general manager at Lam Research India. “By enhancing Lam’s strong global supply infrastructure with capabilities from local suppliers, integrators and other strategic providers, we look to enhance the flexibility of our supply chain, while further supporting the semiconductor ecosystem in India, where Lam has been a proud leader for more than two decades.”
Lam invites interested suppliers to visit its booth at the SEMICON India 2024 tradeshow to be held in Noida, from 11 to 13 September 2024 and to register on the Lam Research website https://www.lamresearch.com/india-supply-chain-symposium/ to participate in its exclusive supply chain symposium which will be held in conjunction with SEMICON India 2024.
About Lam Research
Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better performing devices. In fact, today nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com.
Caution Regarding Forward-Looking Statements
Statements made in this press release that are not historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: our plans to expand our semiconductor supply chain globally or regionally; the specific countries and regions in which we may expand or develop our supply chain; expectations for the growth of the global semiconductor industry; future demand; our supply chain strategy; the extent of our resilience against region-specific supply chain issues or ability to avoid supply bottlenecks; the extent to which supply chain growth in India may contribute to the performance, sustainability, or capabilities for our customers; the extent of our engagement with the local India semiconductor ecosystem; the extent to which we may expand our supply chain in India; and the extent to which the capabilities of local suppliers, integrators or other strategic providers may enhance our global supply infrastructure or the flexibility of our supply chain. Some factors that may affect these forward-looking statements include: trade regulations, export controls, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; business, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; supply chain cost increases and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K for the fiscal year ended June 25, 2023 and our quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2024. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.
