Lam Research supplies WFE and services that are vital to the production of semiconductors. It offers a range of products used in thin film deposition, plasma etch, photoresist strip, and wafer cleaning processes. Lam has grown its SAM to about 34% of total industry spending on WFE, partly by merging with Novellus Systems in 2012. The customer base includes makers of memory and logic chips, with system shipments representing 60%-65% of revenue and services the remaining 35%-40%.

Stocks are a mixed bag at midday on Friday, with the S&P 500 and the Nasdaq up, but the Dow Jones Industrial Average down. The Index of Consumer Sentiment showed consumer sentiment ended April with a final reading of 49.8, above the 48.5 reading economists expected but marking the lowest level on record - below readings taken during the financial crisis, the COVID-19 pandemic, and when inflation spiked following Russia's invasion of Ukraine.

Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.

Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.