Lam Research Corp (NAS:LRCX)

$ 73.83 0.03 (0.04%) Market Cap: 95.00 Bil Enterprise Value: 93.91 Bil PE Ratio: 23.86 PB Ratio: 11.25 GF Score: 94/100

Lam Research Corp at Sanford C Bernstein Strategic Decisions Conference Transcript

May 29, 2019 / 12:00PM GMT

Release Date Price: $17.76 (-0.74%)

Transcript

Stacy Aaron Rasgon

Sanford C. Bernstein & Co., LLC., Research Division - Senior Analyst

It's 8:00. I guess we'll get started. So good morning, everyone. Thank you for coming. I'm Stacy Rasgon. I cover the U.S. semiconductor space here at Bernstein. It's my great honor today to introduce our guest, the President and CEO of Lam Research, Mr. Tim Archer.

So the semiconductor capital equipment industry has been enjoying a renaissance, I think, over the last several years. Even given the current kind of weakness that's emanating mostly from the memory space, total fab equipment spending remains well above prior peaks that were seen decades ago. I think the much-anticipated kind of end of Moore's Law, far from reducing the need for customers to spend on equipment, is in fact making the contributions from companies like Lam even more important as the innovations that they bring into the table are more and more critical to that process technology development going forward.

Now we don't cover Lam at this point, but it's fair to say the company comes up a lot in my conversations. And of

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