Lam Research India Signs MoU with IISc for Sponsored Fellowship Program

BENGALURU, India – March 01, 2022: Lam Research India today signed a memorandum of understanding (MoU) with the Centre for Nano Science and Engineering (CeNSE) and the Indian Institute of Science (IISc) Bengaluru to offer a sponsored fellowship program for second-year Master of Technology (MTech) students, starting in the 2022-2023 academic year.

Lam India has been a part of CeNSE’s Industry Affiliate Program (IAP) since 2014 and is continuously engaging with the centre to collaborate on multiple innovative projects to advance the state of semiconductor technologies. The MoU reaffirms Lam India’s commitment to developing deeper industry-academia collaboration while creating opportunities for CeNSE students to acquire specialized skills leading to career opportunities in the wafer fabrication equipment (WFE) industry.

“We are delighted to continue our longstanding relationship with IISc to develop talent and drive the technological innovation in the semiconductor industry,” said Rangesh Raghavan, corporate vice president, and general manager at Lam Research India. “With access to a talent pool as strong as IISc’s, we expect to significantly enhance Lam Research India’s innovation contribution to the ecosystem. This MoU will facilitate the training and development of CeNSE MTech students as we continue to work on advanced semiconductor technologies at Lam India.”

As part of the sponsored fellowship program, second-year master’s students will be selected from the mechanical and electrical engineering streams of CeNSE. The selected students will receive an opportunity to conduct their MTech project on research topics related to Lam Research’s domains of thermal management, materials and coating, additive manufacturing, Equipment Intelligence^®, and others, with CeNSE faculty advising on their dissertations.

“Industry-sponsored CeNSE MTech Fellowships are aimed at attracting talent from the traditional areas of engineering and science, and exposing them to new opportunities in the emerging electronics and semiconductor manufacturing industry,” said Prof. Srinivasan Raghavan, chairperson of CeNSE at IISc Bangalore. “Lam Research has been our Industry Affiliate for many years, and this collaboration is an extension of our commitment to solving industry challenges through academic research and technological innovations.”

The program will help the students to bridge the gap between the foundation they have acquired in their undergraduate courses in mechanical, electrical, materials, and chemical engineering or physical and chemical sciences and the job requirements of companies in this area.

As part of the CeNSE MTech fellowship program, there will be various engagements planned between the students and Lam Research representatives to enhance knowledge exchange and foster stronger collaboration. The fellowship will encourage students to think of challenges faced by the industry, research solutions, and open up internship opportunities for students to join Lam Research. The students will get an opportunity to interact, learn, work, and get mentored by industry leaders from across the globe.

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 of historical fact are forward-looking statements and are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to, statements concerning the extent of Lam’s engagement with CeNSE, the focus of that engagement, and the results of any engagement, including the ability of Lam Research India to enhance innovation in the semiconductor ecosystem, the opportunity for students to acquire specialized skills, the technologies from which students will be selected or to which students will be exposed, the development of job or technical skills, and the availability of internship opportunities. Such forward looking statements are based on current beliefs and expectations and are subject to risks, uncertainties and changes in condition, significance, value and effect, including those discussed in Lam’s annual report on Form 10-K under the heading “Risk Factors” as well as in other documents filed by Lam with the Securities and Exchange Commission. Such risks, uncertainties and changes in condition, significance, value and effect could cause actual results to differ materially from those expressed herein and in ways not readily foreseeable.  Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the dates made and of information reasonably known to Lam as of the dates the statements were made. We undertake no obligation to release the results of any revisions to these forward looking statements which may be made to reflect events or circumstances which occur after the date hereof or to reflect the occurrence or effect of anticipated or unanticipated events.