Lam Research, headquartered in Fremont, California, designs and manufactures semiconductor processing equipment for integrated circuits, employing 17,200 people and serving various electronic product manufacturers. Its diverse product portfolio supports sectors like memory, foundries, and integrated device manufacturers.
LRCX has been in the news recently: Lam Research's stock has increased by 40% in 2023, significantly outperforming the Nasdaq 100's gain of nearly 9%. In contrast, ON Semiconductor Corp. has experienced an 8% decline in market value this year, while the PHLX Semiconductor Index has risen by 14%.
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