Lam Research Signs an MoU with the Indian Semiconductor Mission and Indian Institute of Science to Upskill Future Semiconductor Workforce

Company Plans to Deploy Semiverse^TM Solutions Virtual Innovation Infrastructure in Key Universities Across India

 

Bengaluru, India – April 15, 2024 – Lam Research Corp. (NASDAQ: LRCX) today announced the signing of a tripartite memorandum of understanding (MoU) with the India Semiconductor Mission (ISM) and the Indian Institute of Science (IISc) for broad deployment of Semiverse Solutions to developing India’s semiconductor manufacturing workforce. Initially announced as part of a JOINT STATEMENT and FACT SHEET issued by the governments of the United States and India at the White House in June 2023, this MoU signals the successful completion of the pilot in partnership with IISc and establishes a framework for expansion to multiple universities across India.

Lam is donating nearly $29 million (INR 241 crores) in software licenses over the next two years to enable 2800 students, while ISM is supporting the establishment of infrastructure and operational costs. IISc will “Train-the-Trainers” at the selected universities, while Lam will deploy a dedicated team of employees to support the expansion across the country. “As India takes bold steps to establish a semiconductor industry, a virtual-physical fabrication world made possible with Semiverse Solutions will be critical to rapidly scale a workforce to meet industry demand,” stated Rangesh Raghavan, Corporate Vice President and General Manager at Lam Research India.

Semiverse Solutions leverage the full strength of Lam’s portfolio, including its capabilities in virtual technology, processing, and simulations, to deliver a boundary-less virtual learning and collaboration platform that fosters creativity and drives innovation with a significantly reduced cost and carbon footprint. Along with SEMulator3D®, Lam’s platform formed the cornerstone of the jointly developed curriculum for the pilot course that trained 35 engineers over a six-month period. “With two of the pilot’s participants already placed in a global tier-1 semiconductor manufacturing company, we are confident about the broad rollout of the course and its impact,” said Professor Srinivasan Raghavan, Chair of the Centre for Nano Science and Engineering at IISc.

Combined with program management and course curriculum customization, this program is targeted to educate up to 60,000 Indian engineers in semiconductor fabrication technologies, over a ten-year period. “It’s exciting to embark on this journey with Lam Research and the IISc. As the semiconductor ecosystem in India grows, effective skill development partnerships will be key to ensuring we can sustain the momentum,” said Akash Tripathi, CEO, ISM.

Closing the Semiconductor Talent Gap in India and Around the World

The semiconductor industry faces a major talent shortage to meet anticipated future demand. Educating future semiconductor engineers is even more daunting as it is cost-prohibitive for academic institutions to provide physical access to the most advanced nanotechnologies. Simulating real-world labs virtually provides greater democratization of engineering skills  training, heightened safety, improved sustainability, and greater access to new talent pools in an increasingly computer-aided design world. Virtual skills training with the Semiverse Solutions portfolio is already in use by Lam, its customers, and partner academic institutions in the United States.

Additional Media Resources

• To read the Semiverse Solutions launch announcement: Lam Research Unveils Plans to Advance India’s Semiconductor Workforce Development Goals at White House Today – Jun 22, 2023
• To learn more about Semiverse Solutions: https://www.lamresearch.com/semiversesolutions/
• Lam Research Blog, Semiverse Solutions Tackle the Semiconductor Industry’s Greatest Challenges

• Lam Research Blog, SEMulator3D and the Future of Engineering Education

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: Lam’s plans regarding the development of a semiconductor manufacturing workforce; the importance of semiconductors to the global economy; the capabilities and benefits of Lam’s Semiverse Solutions portfolio of products and services; the growth of and future demand in the semiconductor industry; the criticality of chips; the significance of Semiverse Solutions in helping India develop a semiconductor manufacturing workforce; and the contribution of that workforce to the global economy. 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 are expected to continue to impact our profitability; supply chain disruptions have limited and are expected to continue to limit our ability to meet demand for 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 quarterly report on Form 10-Q for the quarter ended December 24, 2023. 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 press release.