What is Lam Research Corporation?

We are going to be talking about this one because on April 20th it was one of the best-performing stocks on the S&P 500. Lam Research (LRCX), a semiconductor company rose more than 7% after it beat earnings estimates.
Lam Research Corporation designs, manufacturers, and services semiconductor processing equipment that is used in the fabrication of integrated circuits. Company products include etch systems, deposition systems, cleaning systems, and wafer metrology systems.
Deposition processes create layers of insulating and conducting materials to build the semiconductor.
Etch processes selectively remove films and materials that have been deposited on the wafer.
Strip & Clean techniques eliminate unwanted material that could result in defects
Mass metrology measures changes in mass following deposition, etch and clean processes. This enable monitoring and control of manufacturing.
The company was founded in 1980. Back then, global semiconductor sales totaled around $14 billion. By the end of this decade, they will reach $1 trillion.
In 2022, revenues increased 17% to $17.2 billion. Lam spent $1.6 billion in R&D expenses. They have an operating margin of 31.2%.
Works Cited:
https://www.lamresearch.com/
https://en.wikipedia.org/wiki/Lam_Research
https://www.lamresearch.com/company/history/