Lam Research Corporation, a Fortune 500 company, has unveiled its strategic initiative to broaden its global semiconductor fabrication equipment supply chain, with a significant inclusion of India. The move highlights Lam Research’s commitment to strengthening its presence in key markets and leveraging India’s burgeoning semiconductor ecosystem.
The company’s expansion plan involves a comprehensive assessment of capabilities across various supply chain segments. Lam Research is actively exploring partnerships with India-based suppliers capable of delivering precision components, custom parts, high-purity gas delivery systems, and other essential assemblies crucial for semiconductor wafer fabrication equipment.
According to industry experts, the global semiconductor industry is on track to reach a staggering $1 trillion in annual revenue by the end of this decade. Lam Research acknowledges the escalating demand for semiconductors and emphasizes the imperative for collaboration and global engagement to meet this growing need effectively.
Lam Research’s “close to customer” strategy underpins its collaborative approach with thousands of suppliers worldwide. By diversifying its supply chain and fostering partnerships globally, the company aims to enhance resilience against region-specific supply chain challenges and mitigate potential bottlenecks.
Karthik Rammohan, Vice President and Head of Global Operations at Lam Research, underscored the significance of leveraging India’s infrastructure and talent through the company’s Center of Engineering. He highlighted that the proactive initiative to expand the supply chain in India is poised to enhance performance, sustainability, and capabilities for customers across the region and Asia.
Rangesh Raghavan, Corporate Vice President and General Manager of Lam Research India, emphasized the strategic importance of enhancing Lam’s global supply infrastructure with capabilities from local suppliers, integrators, and other strategic providers in India. Raghavan reiterated Lam’s commitment to bolstering the flexibility of its supply chain while nurturing the semiconductor ecosystem in India, where Lam has been a prominent leader for over two decades.
Lam Research’s expansion into India’s semiconductor supply chain not only signifies its global growth strategy but also underscores its commitment to fostering innovation, collaboration, and sustainability within India’s semiconductor industry ecosystem.