- Business
- Lam Research Corporation Lam Research Corporation designs, manufactures, markets, refurbishes and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company supplies wafer fabrication equipment and services primarily for front-end wafer processing, including thin film deposition via electrochemical deposition, chemical vapor deposition, atomic layer deposition and high-density plasma chemical vapor deposition for metals, dielectrics and hardmasks; plasma etch through reactive ion etch, atomic layer etching and deep reactive ion etch for transistors, interconnects, advanced memory and high-aspect-ratio structures; photoresist strip using plasma technology; and wafer cleaning with wet spin clean and plasma-based bevel clean solutions, supporting applications in logic, DRAM, NAND, advanced packaging, microelectromechanical systems and light-emitting diodes. Lam Research operates manufacturing facilities in the United States, Austria and South Korea, with customer support and engineering centers across North America, Europe, Asia and India, targeting leading semiconductor manufacturers, foundries and memory producers globally. Founded in 1980 by David K. Lam and headquartered at 4650 Cushing Parkway in Fremont, California, the company maintains a global presence serving the semiconductor industry's key segments. Recent developments include a September 2025 non-exclusive cross-licensing and collaboration agreement with JSR Corporation and Inpria Corporation to advance EUV patterning materials, metal oxide resists and atomic layer deposition/etch solutions leveraging Lam's Aether dry resist technology; a July 2024 launch of Lam Cryo 3.0 cryogenic etch for scaling 3D NAND to 1,000 layers; an August 2024 15% quarterly dividend increase to $2.30 per share and $10 billion share repurchase authorization with a 10-for-1 stock split in May 2024; board appointments of Ita Brennan and Mark Fields in August 2024 and Ava Harter as chief legal officer in July 2024; and a November 2025 deepening of investment in Oregon's Silicon Forest for AI-era semiconductor leadership.