- Business
- Lam Research Corporation (Nasdaq: LRCX) supplies wafer fabrication equipment and services to the semiconductor industry, focusing on front-end processes for creating transistors, capacitors, interconnects, advanced memory, and packaging structures; core products include etch systems for plasma etching to remove materials precisely, deposition systems for thin film and atomic layer deposition, clean systems for wafer contaminant removal, photoresist strip equipment, metrology and inspection systems for process control and defect identification, and comprehensive customer support services encompassing installation, training, maintenance, and optimization; these solutions also support related markets such as microelectromechanical systems (MEMS) and light-emitting diodes (LEDs), targeting memory, foundry, and logic chip manufacturers globally. Founded in 1980 by David K. Lam and headquartered at 4650 Cushing Parkway in Fremont, California, the company operates worldwide with manufacturing, sales, service, and R&D facilities across key semiconductor regions including the United States, Asia, and Europe. Recent developments include a September 2025 non-exclusive cross-licensing and collaboration agreement with JSR Corporation and its subsidiary Inpria Corporation to integrate advanced patterning resists and films with Lam's etching and dry resist deposition technologies, advancing EUV lithography for high-NA nodes, oxide resists, and atomic layer etching/deposition precursors amid AI-driven scaling demands; the company also maintains heavy R&D investment at $2.47 billion in fiscal 2024 and reported record fiscal 2024 revenue of $16.9 billion ending June 2024.