Lam Research Corp (Lam) is a provider of wafer fabrication equipment and related solutions to the semiconductor industry. The company’s products are utilized in metal films, dielectric films, plasma etch, conductor etch, dielectric etch, through-silicon via (TSV) etch, wafer cleaning, and bevel cleaning products. It offers products under the SABRE, ALTUS, VECTOR, Striker, SPEED, Kiyo, Versys, Syndion, EOS, Da Vinci, and Coronus brands.

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Lam focuses on maintaining its competitive advantage in the semiconductor capital equipment market by investing significantly in research and development (R&D) programs. It aims to develop new products and enhance existing ones in response to rapid technological changes and customer needs. The company strives to foster close relationships with customers and suppliers, recognizing that understanding their challenges presents opportunities for innovation. It plans to continue substantial R&D investments to support its growth strategy and strengthen its market position. Lam focuses on securing intellectual property through patents on inventions related to its core products and processes. The company aims to protect its innovations while acknowledging the potential challenges posed by competitors and the need for licensing agreements. It plans to navigate these challenges by leveraging its R&D and engineering strengths to maintain a leadership position in the industry. The company’s R&D facilities are in the US, India, South Korea and Austria. In FY2025, the company incurred expenses of US$ 2,096.4 million on R&D, which as a percentage of revenue, stood at 11.4%.