FREMONT,
Calif., Dec. 2, 2024 /PRNewswire/ -- Lam Research
Corp. (Nasdaq: LRCX).
Today, the U.S. government announced additional measures to
further restrict semiconductor technology exports to China. Our initial assessment is that the
effect of the announced measures on Lam's business will be broadly
consistent with our prior expectations. As a result, at this time
we have no plans to update Lam's financial guidance for the
December 2024 quarter as stated in
our earnings press release on October 23,
2024.
About Lam Research
Lam Research Corporation 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 (Nasdaq: LRCX) is a FORTUNE 500® company
headquartered in Fremont, Calif.,
with operations around the globe. Learn more at
www.lamresearch.com. (LRCX)
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 of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements relate to but are not
limited to the effect of U.S. government restrictions on
semiconductor technology exports to China, the effect of such measures on Lam's
business, and our outlook and guidance for future financial
results. Some factors that may affect these forward-looking
statements include: trade regulations, export controls, trade
disputes, and other geopolitical tensions may inhibit our ability
to sell our products; our understanding of newly announced trade
restrictions and their impact on our business may change over time;
business, political and/or regulatory conditions in the consumer
electronics industry, the semiconductor industry and the overall
economy may deteriorate or change; the actions of our customers and
competitors may be inconsistent with our expectations; supply chain
cost increases and other inflationary pressures have impacted and
may continue to impact our profitability; supply chain disruptions
or manufacturing capacity constraints may limit our ability to
manufacture and sell our products; and natural and human-caused
disasters, disease outbreaks, war, terrorism, political or
governmental unrest or instability, or other events beyond our
control may impact our operations and revenue in affected areas; 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 30, 2024 and quarterly report on
Form 10-Q for the quarter ended September
29, 2024. 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
press release.
Company Contacts:
Ram Ganesh
Investor Relations
(510) 572-1615
Email: investor.relations@lamresearch.com
Source: Lam Research Corporation###
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SOURCE Lam Research Corporation