FREMONT, Calif. , July 18,
2023 /PRNewswire/ -- Lam Research Corp. (Nasdaq:
LRCX) today announced that quantifiable progress has been made
toward its environmental, social and governance (ESG) goals with
the release of its 2022 ESG report.
"Semiconductors continue to play a critical role in shaping our
future, but greater opportunity also means greater responsibility,"
said Tim Archer, president and chief
executive officer of Lam Research. "As we continue to innovate the
next generation of technology breakthroughs, we must do so while
considering the long-term sustainability of our industry and our
planet."
Lam's global ESG program is rigorous, transparent, and aligned
with best-in-class practices. The ninth annual report illustrates
the data and stories behind Lam's 2022 ESG accomplishments, which
include becoming the first U.S.-based semiconductor equipment
manufacturer to have its near-term emissions reduction targets
approved by the Science Based Targets initiative.1
Lam's continued progress toward its ESG goals included exceeding
its 2025 goals for water savings as well as surpassing its 2025
goal for employee volunteer hours, prompting the company to update
its goals for both areas.
Promoting Future Innovation
Lam sponsors and
participates in numerous industry and university events which
collectively address the semiconductor industry's most pressing
challenges. Its 2022 technical symposium event brought together
industry and academia experts to share and discover leading-edge
technologies aimed at advancing environmental sustainability for
semiconductor fabrication. In addition, Lam's venture group, Lam
Capital, hosted a start-up pitch competition during the event and
offered the winning team – xLight – a $250,000 investment. xLight is developing an
energy-efficient technology for photolithography.
Supporting a STEM Talent Pipeline
To increase
its impact on the development of a strong pipeline of STEM talent,
Lam pledged to donate $10 million to
the nonprofit FIRST® Global to help bring science
and technology education to youth around the globe. With this
relationship, Lam is helping to create opportunities for continuous
discoveries and inspire the next generation of innovators.
Increasing Industry Collaboration
Lam's efforts to
build a responsible and sustainable semiconductor ecosystem include
working closely with companies around the world and in its
industry. Lam joined the UN Global Compact, the world's largest
sustainability initiative, with an ambition for businesses to take
shared responsibility for achieving a better world. Lam also worked
with industry leaders to form the Semiconductor Climate Consortium,
a new collaboration with SEMI to accelerate the industry's response
to climate change.
Building a Sustainable Supply Chain
In addition to
collaborating closely with customers on environmental
sustainability opportunities, Lam works across its supply chain
with a goal to increase supplier engagement and assess suppliers'
performance on human rights and climate action. In 2022 Lam engaged
100% of its top-tier suppliers in sustainability opportunities
through Lam's climate pledge, training, and events.
Expanding Green Product Features
Lam is focused on
developing smarter, more efficient products and processes to
measure and reduce the greenhouse gas emissions of its tools. New
sustainability features in 2022 included the release of a new ECO
Mode feature for its 2300® and Sense.i® etch tools which saves on
peripheral energy in idle mode and results in faster tool time
recovery.
Receiving Awards and Recognition
The company received
several recognitions in 2022 for its ESG efforts. For the second
year in a row, Lam was named to the Dow Jones Sustainability Index
for North America, a ranking by
S&P Global that reflects the top 20% of sustainability
performers among the 600 largest U.S. and Canadian companies in the
S&P Global Broad Market Index.
Lam proudly received top supplier awards from customers in 2022,
and the company was also included in various industry recognitions,
including Fortune's Worlds Most Admired Companies, Newsweek's list
of America's Most Responsible Companies, Forbes World's Top Female Friendly Companies,
and the Human Rights Campaign's Best Places to Work for LGBTQ+
Equality.
Further details on the company's environmental, social and
governance strategies and accomplishments are available in Lam's
2022 ESG report.
Media Resources:
- Lam's 2022 ESG Report
- Lam's Net Zero Strategy
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 net zero emissions goals, renewable
electricity goals, and other sustainability goals and our ability
to achieve them; and projections on the amount and progress of our
environmental footprint, sustainability in our industry, our social
impacts, and our corporate giving and employee volunteerism. Some
factors that may affect these forward-looking statements include:
government actions such as trade regulations, and export controls;
trade disputes, and other geopolitical tensions that may inhibit
our ability to sell our products; business, political and/or
regulatory conditions in the consumer electronics industry, the
semiconductor industry and the overall economy may deteriorate or
change; and technology demands and capabilities may not result in
the changes that we anticipate, which are required for us to meet
our future goals; as well as the other 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 26, 2022 and our
quarterly report on Form 10-Q for the fiscal quarter ended
March 26, 2023. 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.
Company Contacts:
Libra White
Media Relations
(510) 572-7725
publicrelations@lamresearch.com
Ram Ganesh
Investor Relations
(510) 572-1615
investor.relations@lamresearch.com
Source: Lam Research Corporation, (Nasdaq: LRCX)
________________________________
1 Lam's 2030 emissions reduction goal was validated in
2022 and was subsequently restated in 2023 in alignment with
SBTi.
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SOURCE Lam Research Corporation