Lam Research : 2022 Proxy & Annual Report

2022

Annual Report

As technology gets smaller we think bigger.

For decades, Lam Research has been challenging assumptions and defying conventions. Pushing the boundaries of technical limitations. Driving breakthroughs that power progress. Creating solutions that allow customers to reach new milestones. And we're just getting started. Because as technology gets smaller, we think bigger. We achieve unprecedented collaboration through open communication.

We know breakthrough isn't a product; it's a process driven by precision. We don't just speak of the future, we ensure it. It takes recognizing that the right inputs lead to significant outcomes, then delivering time and time again. It means that when we say a smaller, faster, smarter world can exist, consider it proven.

Complexity excites us.

Collaboration drives us.

Our Purpose

Unleashing the power of innovation together for a better world.

Our Mission

Drive semiconductor breakthroughs that define the next generation.

Guiding Principles

• Think customer, company, and individual
• Be number one in customer trust
• Attract, retain, and develop the best talent
• Deliver best-in-class solutions
• Achieve financial goals to deliver shareholder value
• Act with purpose for a better world

Core Values

• Achievement
• Agility
• Honesty & integrity
• Inclusion & diversity
• Innovation & continuous improvement
• Mutual trust & respect
• Open communication
• Ownership & accountability
• Teamwork

Enabling Chipmakers to Create the Future.

Advanced microchips are in many of the familiar products we use every day - from mobile phones and computing devices to entertainment systems and increasingly "smart" cars. Electronic products are everywhere and life without them is unimaginable.

Creating the tiny, complex chips used in these devices involves the repetition of a core set of processes and includes hundreds of individual steps. For successful production, semiconductor manufacturers require sophisticated processes and fabrication equipment.

We work closely with customers to deliver the products and technologies needed to enable their success. By offering critical chip-processing capabilities, our products provide a vital link between the visionary designs for the latest electronic devices and the companies that produce them.