Lam Research India Breaks Ground On New Engineering And R&D Facility In Bengaluru

Lam Research India today broke ground on a new engineering, research & development facility at Bagmane Tech Park (BTP), CV Raman Nagar in Bengaluru. The site will be home to Lam Research India’s development of advanced semiconductor manufacturing equipment hardware and software, as well as its new virtual reality research labs.

“With our new Bengaluru lab and office facility, we will significantly increase Lam Research’s engineering and R&D capacity and capability in India, in alignment with our business strategy to expand our global footprint and leverage expertise all around the globe,” said Rangesh Raghavan, Lam Research India corporate vice president and general manager. “This site will enable us to leverage the large pool of technical talent and research institutes in India to scale Lam’s capacity to meet growing customer requirements. The new India Center for Engineering (ICE) lab will enable the success of our customers by enhancing speed to solution and commonality while contributing to the profitable growth of Lam Research.”

Lam Research India leaders were joined by eminent guests at today’s groundbreaking ceremony, including Mr. Jitendra Chaddah, Country Manager, Global Supply Chain at Intel India; Mr. Rajeev Khushu, Chairman, India Electronics & Semiconductor Association (IESA), and Director of Corporate Affairs & Government Relations at Texas Instruments; Prof. Srinivasan Raghavan, Chairperson – CeNSE at IISc Bangalore; Prof. Mahesh Panchagnula, Dean - Corporate Relations at IIT Madras; and Dr. Sasangan Ramanathan, Dean (Engineering) at Amrita Vishwa Vidyapeetham.

With more than 1,000 employees in Bengaluru, the Lam Research India site plays a crucial role in supporting Lam’s mission to drive the semiconductor breakthroughs which define the next generation. Lam India continues to grow and is currently hiring across a broad range of disciplines: Mechanical, Electrical, Software, and other engineers, Computational Analysts, Procurement and Operations experts, IT programmers, network, and infrastructure experts, Data scientists, Finance, Operations and HR professionals.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) 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 is a FORTUNE 500® company headquartered in Fremont, California, 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:  our expectations for how the new facility will impact Lam’s engineering and R&D capacity and capability; our expectations for how the new facility will allow us to leverage India’s technical talent and research institutes; our ability to enable customer success and the effect of the new facility on Lam’s speed to solutions and profitability. s. These statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, significance, value and effect including changing business conditions in the overall economy and the semiconductor and semiconductor equipment industries; supply chain challenges and disruptions; regulatory and other government-imposed restrictions, duties or taxes; and the effect of the COVID-19 pandemic on our employees, suppliers and customers as well as 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 27, 2021. 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.