Company Overview Visit lamresearch.com website
Lam Research Company is an American, multinational corporation headquartered in Fremont, California. It designs and manufactures various semiconductor fabrication equipment – including etch systems – used to create chips for a wide variety of electronic devices.
The company was founded by David K. Lam and Daniel J. Kane as LK Technologies, Inc., on September 12th 1980. The first product they produced was a metal-etching machine called the contract to resist strip (CRES) system. In 1982, the original name was changed to Lam Research Corporation, with David K. Lam as President and CEO from its inception up until 2010 when he stepped down as CEO but remained as Chairman of the Board of Directors at that time; John C. Icahn succeeded him as CEO.
The company began trading on NASDAQ in 1985, with an initial public offering of 3,375,000 shares at $8 per share.