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Lam Research Breaks Ground on Cutting-Edge Systems Lab in Bengaluru

Addition to Lam’s India Center for Engineering to accelerate research and development, foster supply chain expansion, and workforce training

Bengaluru, India – September 9, 2024  Lam Research Corp. (Nasdaq: LRCX), at a ceremony held earlier today, broke ground on a new systems lab at its India Center for Engineering in Bengaluru. The systems lab will expand on Lam’s existing India Center for Engineering that was opened in September 2022. As part of a global network of leading-edge labs, Lam’s R&D operations in India play a critical role in the creation of new technologies needed in a time of rising semiconductor manufacturing complexity. The lab is expected to be one of the most advanced of its kind in the country, with a fully functional semiconductor manufacturing equipment development environment.

“As chipmaking becomes ever-more complex, there is growing need for greater collaboration and global engagement of expertise, intellectual property and materials,” said Sesha Varadarajan, senior vice president at Lam’s Global Products Group. “The addition of a systems lab allows us to further capitalize on the quality of technical talent in India and build on the value we deliver at our India Center for Engineering.”

The new facility will enable Lam engineers in India to design, test, and validate semiconductor manufacturing processes and equipment on site and on tool with active chemistries and realistic test parameters, enabling significantly shortened design cycles. The lab is intended to play a critical role in Lam’s current and future research and development (R&D) and foster workforce development.

The lab will also provide valuable infrastructure to enable collaboration with customers and supply chain partners. Earlier this year, Lam announced an initiative to expand its semiconductor supply chain network to India.

“Lam has been a leader in the Indian semiconductor ecosystem for over two decades, and an expanded R&D presence will help catalyse collaboration and innovation for advanced chipmaking,” said Rangesh Raghavan, Lam Research’s India corporate vice president and general manager. “In this context, we are grateful for the ongoing support and partnership extended by the Government of India and the State of Karnataka.”

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 created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: market, industry and industry segment expectations; product performance and benefits to customers from the use of our technologies and products; and emissions and energy savings to be realized through the use of our technologies and products. 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 disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; 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 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 June 30, 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.

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