Saturday Spotlight: Shining Light Company – LAM Research

LAM Research (Nasdaq LRCX)located in Fremont CA, is a leading supplier of wafer fabrication equipment and services to the global semiconductor industry. They develop innovative solutions that help their customers build smaller, faster, and more power-efficient electronic devices such as cell phones, computing devices, and entertainment gadgets.  Lam’s products play a key role in supplying highly sophisticated processes and equipment to semiconductor manufacturers, allowing chipmakers to build device features that are more than 1,000 times smaller than a grain of sand. This tiny scale has a huge impact. In fact, nearly every leading-edge integrated circuit made today has been processed with LAM’s equipment.

Founded in 1980 by David K. Lam, a Chinese-born engineer, the company’s mission is to be dedicated to the success of their customers by being the world-class provider of innovative technology and productivity solutions to the semiconductor industry.  They operate on a solid foundation of core values which include honesty, integrity, mutual trust and respect, teamwork, open communication, ownership and accountability. 

They recognize that their success and continued growth is enabled by their talented employees. The real strength is in their team of Atom Engineers who are helping customers work with the building blocks of atoms that will move the world.  Lam Research is also committed to providing their employees with the resources and career path opportunities they seek. A wide range of employees’ philanthropic interests are supported through the company. These include an employee matching gift program (the company has matched nearly $1.6 million in employee charitable contributions), disaster relief and recovery support, and volunteering opportunities such as helping needy families and children with school supplies drives, holiday food and toy drives, just to name a few.  The company is recognized annually as a top “Corporate Philanthropist” by both the San Francisco Business Times and the Silicon Valley Business Journal.

LAM’s Community Giving and Outreach Program extends the Core Values of the company into the communities where their employees live and work.  Through the Lam Research Foundation, the company contributes to local, national, and international organizations that improve people’s lives with an emphasis on STEM education.

Giving back to their local communities is a year-round mission at LAM.  In 2016, their “Deliver Joy” holiday giving activities saw more than 1,400 Lam employees around the world giving over 1,900 hours of their time for volunteering during the holiday campaign. Through employee donations, business group sponsorships, and the Lam Foundation Employee Gift Match program, more than $625,000 was raised toward giving back to their local communities during the 2016 holiday season.

LAM Research believes that good health and happy, successful lives go hand in hand, and healthy choices stick better when we learn them as children. That’s the reason they joined the Silicon Valley Leadership Group Foundation in starting the Lam Research Heart & Soles Run, which is dedicated to helping local children learn healthy lifestyles. Started in 2014, the Heart & Souls Run initially set a three-year goal to improve school nutrition by putting salad bars into local K-12 schools. Under this project, nearly 200 schools received funds for new salad bars that serve about 150,000 kids. 

Each year, Lam Research awards scholarships of $10,000 each to graduating seniors from area high schools. Since this program started in 2003, these scholarships have benefited more than 100 students. LAM’s K-12 grants support programs that improve the quality of education in the communities where Lam Research facilities are located.  Programs emphasize K-12 math and science education with the expectation that better-prepared and more-confident students will be drawn to the challenging and rewarding careers that can be found in technology and engineering.

LAM Research is committed to the sustainable management of environmental, health and safety concerns as a core business principle. This includes complete compliance of all government standards and regulation and providing a safe and healthy workplace, while reducing their environmental footprint.Lam Research also requires that its suppliers and outsource providers adhere to the company’s quality standards.

LAM Research Corporation is an organization with strong values of responsibility, honesty, and integrity.  These same values along with a vision of providing best-in-class products and services have led them to becoming one of the most trusted suppliers in their industry. We are honored to recognize Lam Research as a Shining Light Company.

 

DISCLOSURE: Shining Light Companies are exemplary companies who live out the Golden Rule in their business practices, demonstrate strong servant leadership and create compelling value through the products and services they offer. This is intended for general information purposes concerning only the values, corporate culture and business practices of the companies being spotlighted. It DOES NOT incorporate any analysis of the companies’ investment merit based on intrinsic value, fundamental analysis, etc. This must not be construed as investment advice or a buy/sell recommendation. These companies may or may not be included in our LightPoint Portfolios at any given time.