Lam Research

Lam Research builds etch and deposition equipment critical for 3D NAND, DRAM, and advanced logic manufacturing, especially for the increasingly complex structures AI memory requires. It is one of the top three semicap vendors worldwide. FY2025 (ended June 29, 2025) revenue reached $18.44 billion, up 23.7% year-over-year.

Ecosystem functionLeader in etch/deposition tools that enable the 3D memory scaling AI training and HBM demand require.

Business modelSells etch/deposition wafer fab tools