Lam Research Earns Intel’s 2020 Supplier Continuous Quality Improvement (SCQI) Award

* Lam Research is one of only seven SCQI Award recipients in all of Intel’s global supply chain

Lam Research is proud to announce that it has earned the exclusive Supplier Continuous Quality Improvement (SCQI) Award with distinguished performance in supplier diversity for 2020. This award recognizes the absolute top performers in the Intel supply chain for their dedication to continuous improvement and their performance over the past year.

“Congratulations to Lam Research on receiving Intel’s highest supplier recognition, the SCQI Award. As one of only seven in this elite group in 2020, they truly define world-class performance,” said Dr. Randhir Thakur, chief supply chain officer at Intel. “During a uniquely challenging year, they have earned the Intel SCQI program’s top award through their unwavering commitment to quality, operational excellence, and their close partnership with Intel to accelerate our innovation roadmap.”

The Intel SCQI Award recognizes the highest level of achievement in the Intel SCQI Program, a multiyear road map for continuous improvement for high-performing Intel suppliers. Of the thousands of Intel suppliers around the world, only a few hundred qualify to participate in the SCQI Program.

In 2020, only seven suppliers in the entire Intel supply chain earned an Intel SCQI Award, making them truly the best of the best.

To qualify for an Intel SCQI Award, suppliers must exceed the highest expectations, meet aggressive performance goals and score 95 percent or higher on performance assessments throughout the year. Suppliers must also meet 90 percent or more of their improvement plan and demonstrate outstanding quality and business systems.

About Lam Research

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. As a trusted, collaborative partner to the world’s leading semiconductor companies, we combine superior systems engineering capability, technology leadership, and unwavering commitment to customer success to accelerate innovation through enhanced device performance. In fact, today, nearly every advanced chip is built with Lam technology. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com (LRCX-P)

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: the performance of the tools we sell or service; the results that our customers can achieve when using our tools; the requirements of our customers for future innovation and the ability of our tools to meet the customers’ future requirements; and the learning that we may obtain from our installed base. These statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, significance, value and effect including those 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 28, 2020 and quarterly report on Form 10-Q for the quarter ended September 27, 2020. 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.