Lam Research was founded in 1980 by David K. Lam, a Chinese-born engineer who had previously worked at
Xerox,
Hewlett-Packard, and
Texas Instruments. The first system was sold in January 1982. In 1982, Roger Emerick was appointed CEO. In May 1984, the company issued an
initial public offering and was listed on
Nasdaq under the symbol LRCX. In 1985, David Lam left the company to join Link Technologies, which eventually was bought by Wyse and is now
Dell Wyse. By the early 1990s, the company had a presence in China, Korea, Singapore, and Taiwan. CMP cleaning is a hybrid process to smooth surfaces using both etching and mechanical polishing. In August 1997, the company named OnTrak's CEO Jim Bagley as its CEO. In 1998, Bagley was named chairman of the board. In 2006, Lam Research acquired Bullen Semiconductor, now Silfex, Inc. In 2008, Lam Research acquired SEZ AG, now Lam Research AG. In 2011, Lam Research agreed to buy
San Jose, California chip equipment manufacturer
Novellus Systems, for $3.3 billion. The deal was completed in June 2012. In 2012, Martin Anstice was appointed as CEO. In June 2016, it was announced that Lam Research had joined the
Fortune 500 for the first time. In October 2016, the company announced it had terminated its offer for KLA-Tencor amidst concerns that the deal would not meet regulatory approval from the
U.S. Department of Justice over antitrust concerns. In September 2017, the company announced the acquisition of
Cary, North Carolina–based chip simulation firm Coventor. The company's software reportedly would allow Lam to reduce the time to market for its customers' new chips. In November, the company launched Lam Research Capital (Lam Capital), a venture capital group chartered to invest in companies. In January 2018, the company announced that COO Tim Archer was being promoted to president, and CEO Martin Anstice remained in the CEO role. In December 2018, Martin Anstice resigned as CEO due to allegations of personal misconduct, and the Board of Directors of Lam Research named Tim Archer as president and chief executive officer. Archer was also appointed to the Board of Directors of Lam Research. In August 2021, Lam opened a manufacturing facility in
Batu Kawan,
Malaysia to meet the growing demand for wafer fabrication equipment and to work more closely with key customers and
supply chain partners. On 15 September 2022, Lam Research established a new
India Center for Engineering in
Bengaluru. This center will be utilized for engineering, testing, and research and development of wafer manufacturing hardware and software, which are used to create memory components including
DRAM,
NAND, and logic technologies.This is Lam's second R&D lab and third Indian facility. It will assist the company's worldwide production operations with hardware and software. The new facility will lessen the Indian engineers' dependency on their US counterparts by enabling them to finish designs domestically and shift the bulk of Lam's international activities to India. In November 2022, it was announced Lam had acquired the
Salzburg-headquartered, wet processing semiconductor equipment provider, Semsysco GmbH. That same month, Lam also acquired the
Texas-based plasma simulation company, Esgee Technologies, Inc. ==Products==