MIRA INFORM REPORT

Report Date :

27.10.2012

IDENTIFICATION DETAILS

Name :	LAM RESEARCH CORPORATION

Registered Office :	Fortune 1000 Rank: 660, 4650 Cushing Parkway, Fremont, CA 94538

Country :	United States

Financials (as on) :	24.06.2012

Year of Establishment :	1980

Legal Form :	Public Parent company

Line of Business :	supplier of wafer fabrication equipment and services to the worldwide semiconductor industry

No. of Employees :	6,600 Employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

United States

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

United States - ECONOMIC OVERVIEW

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $48,100. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices increased another 50% between 2006 and 2008. In 2008, soaring oil prices threatened inflation and caused a deterioration in the US merchandise trade deficit, which peaked at $840 billion. In 2009, with the global recession deepening, oil prices dropped 40% and the US trade deficit shrank, as US domestic demand declined, but in 2011 the trade deficit ramped back up to $803 billion, as oil prices climbed once more. The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP; total government revenues from taxes and other sources are lower, as a percentage of GDP, than that of most other developed countries. The wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the US budget deficit and public debt - through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform bill that will extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. Long-term problems include inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, sizable current account and budget deficits - including significant budget shortages for state governments - energy shortages, and stagnation of wages for lower-income families.

Source : CIA

Company name & address

Lam Research Corporation

Fortune 1000 Rank: 660

4650 Cushing Parkway

Fremont, CA 94538

United States

Tel: 510-572-0200

Fax: 302-655-5049

Toll Free: (800) 526-7678

Web: www.lamresearch.com

synthesis

Employees: 6,600

Company Type: Public Parent

Corporate Family: 71 Companies

Traded: NASDAQ: LRCX

Incorporation Date: 1980

Auditor: Ernst & Young LLP

Financials in: USD (Millions)

Fiscal Year End: 24-Jun-2012

Reporting Currency: US Dollar

Annual Sales: 2,665.2 1

Net Income: 168.7

Total Assets: 8,004.7 2

Market Value: 5,756.0 (12-Oct-2012)

Business Description

Lam Research Corporation (Lam Research), is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry. Lam Research designs, manufactures, markets, refurbish, and services semiconductor processing equipment used in the fabrication of integrated circuit. In addition, it offers a broad portfolio of single-wafer clean technologies. Its Customer Support Business Group (CSBG) provides products and services to maximize installed equipment performance and operational efficiency. It offers a range of services including customer service, spares, upgrades, refurbishment of its etch, deposition, photoresist strip, and clean products. The Company also develops manufactures, sells and supports equipment used in grinding, lapping and polishing precision parts used in a spectrum of industrial applications.In June 2012, Lam Research completed its merger with Novellus Systems, Inc. For the fiscal year ended 24 June 2012, Lam Research Corporation revenues decreased 18% to $2.67B. Net income decreased 77% to $168.7M. Revenues reflect Taiwan segment decrease of 39% to $467.9M, Asia/Pacific segment decrease of 41% to $293M. Net income also reflects Research/Development increase of 19% to $444.6M (expense), Interest Expense increase from $5.4M to $39M (expense). Basic Earnings per Share excluding Extraordinary Items

Industry

Industry Miscellaneous Capital Goods

ANZSIC 2006: 2469 - Other Specialised Machinery and Equipment Manufacturing

NACE 2002: 2924 - Manufacture of other general purpose machinery not elsewhere classified

NAICS 2002: 333295 - Semiconductor Machinery Manufacturing

UK SIC 2003: 2924 - Manufacture of other general purpose machinery not elsewhere classified

UK SIC 2007: 2829 - Manufacture of other general-purpose machinery n.e.c.

US SIC 1987: 3559 - Special Industry Machinery, Not Elsewhere Classified

Key Executives

(Emails Available)

Name	Title
Martin B. Anstice	President, Chief Executive Officer, Director
Ernest E. Maddock	Chief Financial Officer, Senior Vice President, Chief Accounting Officer
Robert Dunsford	Senior Information Technology Manager, Business Intelligence
Timothy M. Archer	Chief Operating Officer, Executive Vice President
Richard A. Gottscho	Senior Vice President - Global Products, General Manager - Etch Businesses

Significant Developments

Topic	#*	Most Recent Headline	Date
Mergers & Acquisitions	2	Lam Research Corporation Completes Merger With Novellus Systems Inc	4-Jun-2012
Negative Earnings Pre-Announcement	2	Lam Research Corp Issues Q2 2013 Guidance; Revenue Guidance Below Analysts' Estimates-Conference Call	18-Oct-2012
Officer Changes	1	Lam Research Corp Announces Retirement of Chairman	30-Aug-2012
Other Earnings Pre-Announcement	2	Lam Research Corporation Issues Q4 2012 Guidance In Line With Analysts'' Estimates'-Conference Call	19-Apr-2012

* number of significant developments within the last 12 months

News

Title	Date
Patent Application Titled "E-Beam Enhanced Decoupled Source for Semiconductor Processing" Under Review Politics & Government Week (629 Words)	25-Oct-2012
Agency Reviews Patent Application Approval Request for "Multi-Frequency Hollow Cathode System for Substrate Plasma Processing" Politics & Government Week (682 Words)	25-Oct-2012
Agency Reviews Patent Application Approval Request for "Multi-Frequency Hollow Cathode and Systems Implementing the Same" Politics & Government Week (707 Words)	25-Oct-2012
US Patent Issued to Novellus Systems on Oct. 23 for "Flexible Gas Mixing Manifold" (California Inventors) U.S. Fed News (356 Words)	25-Oct-2012
US Patent Issued to Lam Research on Oct. 23 for "Removing Bubbles from a Fluid Flowing Down Through a Plenum" (California Inventors) U.S. Fed News (251 Words)	25-Oct-2012

Financial Summary

As of 24-Jun-2012

Key Ratios	Company	Industry
Current Ratio (MRQ)	3.09	3.90
Quick Ratio (MRQ)	2.65	3.02
Debt to Equity (MRQ)	0.29	0.21
Sales 5 Year Growth	0.76	11.04
Net Profit Margin (TTM) %	6.33	19.30
Return on Assets (TTM) %	2.80	15.21
Return on Equity (TTM) %	4.44	21.72

Stock Snapshot

Traded: NASDAQ: LRCX

As of 12-Oct-2012

Financials in: USD

Recent Price	32.46	EPS	1.35
52 Week High	45.48	Price/Sales	2.16
52 Week Low	31.17	Price/Earnings	27.58
Avg. Volume (mil)	3.26	Price/Book	1.18
Market Value (mil)	5,755.97	Beta	1.36

	Price % Change	Rel S&P 500%
4 Week	-5.50%	-3.04%
13 Week	-5.17%	-9.93%
52 Week	-26.14%	-37.77%
Year to Date	-12.32%	-22.82%

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

Corporate Overview

Location

4650 Cushing Parkway

Fremont, CA, 94538

Alameda County

United States

Tel: 510-572-0200

Fax: 302-655-5049

Toll Free Tel: (800) 526-7678

Web: www.lamresearch.com

Quote Symbol - Exchange

LRCX - NASDAQ

Sales USD(mil): 2,665.2

Assets USD(mil): 8,004.7

Employees: 6,600

Fiscal Year End: 24-Jun-2012

Industry: Miscellaneous Capital Goods

Incorporation Date: 1980

Company Type: Public Parent

Quoted Status: Quoted

President,

Chief Executive Officer,

Director: Martin B. Anstice

Company Web Links

Company Contact/E-mail

Corporate History/Profile

Employment Opportunities

Executives

Financial Information

Home Page

Investor Relations

News Releases

Products/Services

Contents

Industry Codes

Business Description

Product Codes

Brand/Trade Names

Financial Data

Market Data

Key Corporate Relationships

Additional Information

Industry Codes

ANZSIC 2006 Codes:

2469 - Other Specialised Machinery and Equipment Manufacturing

NACE 2002 Codes:

2924 - Manufacture of other general purpose machinery not elsewhere classified

NAICS 2002 Codes:

333295 - Semiconductor Machinery Manufacturing

US SIC 1987:

3559 - Special Industry Machinery, Not Elsewhere Classified

UK SIC 2003:

2924 - Manufacture of other general purpose machinery not elsewhere classified

UK SIC 2007:

2829 - Manufacture of other general-purpose machinery n.e.c.

Business Description

Lam Research Corporation (Lam Research), incorporated in 1980, is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry. Lam Research designs, manufactures, markets, refurbish, and services semiconductor processing equipment used in the fabrication of integrated circuit. In addition, it offers a broad portfolio of single-wafer clean technologies. Its Customer Support Business Group (CSBG) provides products and services to maximize installed equipment performance and operational efficiency. It offers a range of services including customer service, spares, upgrades, refurbishment of its etch, deposition, photoresist strip, and clean products. The Company also develops manufactures, sells and supports equipment used in grinding, lapping and polishing precision parts used in a spectrum of industrial applications. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make DRAM, NAND, and logic devices for these products. In June 2012, Lam Research completed its merger with Novellus Systems, Inc.

Etch Process

The Companyâ€™s etch products selectively remove portions of various films from the wafer in the creation of semiconductor devices. These products use various plasma-based technologies to create the critical device features at current and future technology nodes. Its products include Dielectric Etch, Conductor Etch, Through-Silicon Via Etch and MEMS and Deep Silicon Etch. Dielectric etch often requires etching multi-layer film stacks. The Companyâ€™s 2300 Flex dielectric etch product family represents a continuous evolution of the productivity and performance benefits of DFC technology.

Deposition Process

The Companyâ€™s deposition systems use chemical vapor deposition (CVD), physical vapor deposition (PVD), and electrochemical deposition (ECD) processes to form transistor, capacitor, and interconnect layers in an integrated circuit. Its CVD tungsten systems are used to deposit conductive contacts between transistors and interconnects or between layers of metal interconnect wiring. Its PVD systems deposit conductive aluminum and copper metal layers by sputtering metal atoms from the surface of a target source. The ECD systems deposit copper to form the conductive wiring on integrated circuits using copper interconnects.

Clean Process

The manufacture of semiconductor devices involves a series of processes, such as etch, deposition, and implantation, which leave particles and residues on the surface of the wafer. The wafer must be cleaned after these steps to remove particles and residues that could adversely impact the processes that immediately follow them and degrade device performance. The Companyâ€™s single-wafer wet clean products include Spin Wet Clean products and Plasma-Based Bevel Clean.

The Companyâ€™s spin technology for cleaning and removing films has assisted the industry transition from batch to single-wafer wet processing. This technology provides the productivity and flexibility needed for both high-volume manufacturing and development across multiple technology nodes and for all device types. By offering advanced dilute chemistry and solvent solutions in its systems, it spins wet clean systems address certain defectivity and material integrity requirements.

The 2300 Coronus plasma bevel clean system incorporates plasma technology to remove yield limiting defect sources. The system combines the ability of plasma to selectively remove a range of materials with a confinement technology that protects the die area. Incorporating its Dynamic Alignment technology on the production-proven 2300 platform, the Coronus system provides accurate wafer placement for repeatable process results and superior encroachment control and is designed to remove a range of material types, in multiple applications, throughout the manufacturing process flow.

The Company competes with Tokyo Electron, Ltd., Applied Materials, Inc., Dainippon Screen Manufacturing Co. Ltd., Tokyo Electron, Ltd., ASM International. Mattson Technologies, Inc. and PSK, Inc..

More Business Descriptions

Semiconductor Processing Equipment Used in the Fabrication of Integrated Circuits Designer, Mfr, Marketer & Servicer

Establishments primarily engaged in manufacturing special industry machinery, not elsewhere classified, such as smelting and refining equipment, cement making, clayworking, cotton ginning, glass making, hat making, incandescent lamp making, leather working, paint making, rubber working, cigar and cigarette making, tobacco working, shoe making, and stone working machinery, and industrial sewing machines, and automotive maintenance machinery and equipment.

Lam Research Corporation (Lam) is a US-based wafer fabrication equipment and related services company. It delivers technological solutions to etch and clean integrated circuits. The company targets different market segments such as micrologic devices, memory chips, analog chips and application specific integrated circuits (ASICs) as key sources of revenue. Lam operates its business under a single reportable segment, Manufacturing and Servicing of Front-end Wafer Processing Semiconductor Manufacturing Equipment. The company offers its products on the basis of two principal wafer fabrication process stages namely, etching and cleaning. Lam provides plasma based etching technologies to eliminate dielectric or conductive materials on an integrated circuit. It offers patented Dual Frequency Confined technology to apply power at various frequency levels, which allows etching of different materials. It also provides Waferless Autoclean technology (WAT) for the cleaning purpose after the completion of etching process. It has a diversified product portfolio that comprises 2300 Exelan Flex dielectric etch systems. The Exelan Flex family enables the single chamber deigns in order to address the requirements of advanced technology applications. The 2300 Exelan Flex dielectric etch products category represents continuous enhancement of DFC technology. It delivers conductor etch products on the basis of TCP technology. It has a broad product portfolio, which includes 2300 Versys Kiyo, 2300 Versys Kiyo45, 2300 Versys Kiyo3x and 2300 Versys Metal45 Etch System Conductor Etch Systems. Lam designs Micro-electromechanical systems (MEMS) products for various consumer applications like ink jet printer heads and inertial sensors. The TCP 9400DSiE system is suitable for silicon deep reactive ion etch (Si DRIE) process. The 2300 Syndion etch system is an advanced, 3-D IC employing through-silicon vias (TSV) to provide contact surface between die-to-die and wafer-to-wafer stacking. The companyâ€™s wafer cleaning technologies include SP Series, Da Vinci, DV-Prim and Esanti. These products are designed for cleaning and removing films during the intermediary stage between batch and single-wafer wet processing. It offers Confined Chemical Cleaning (C3) technology, specially designed for higher degree of selectivity in removing residuals. The 2300 Coronus plasma-based technology is applicable for the selective elimination of a range of materials besides protecting die area. The companyâ€™s research and development activities include timely development of new products and enhancements to existing products. It principally focuses on the development of etch and other plasma-based technologies, single-wafer clean, and other semiconductor manufacturing products. In 2011, Lam invested $373.3m in its R&D, representing an increase of 16.3% over $ 320.9m in 2010. Lam provides ongoing services through the wide network of field service engineers in various countries including the US, Europe, Taiwan, Korea, Japan, and Asia Pacific. Lam conducts its business activities through its 25 principal subsidiaries in different countries such as Switzerland, the Netherlands, Germany, Japan, the UK, France, Singapore, Italy, Ireland, Austria, Taiwan and Slovenia. Some of the principal subsidiaries of the company include, Lam Research AG, Lam Research (Shanghai) Co., Ltd., Lam Research SAS, Lam Research GmbH, Lam Research (Israel) Ltd., Lam Research International B.V. and Lam Research Co., Ltd. among others. Geographically, the company segregates its operations into six segments, namely, North America, Europe, Japan, Korea, Taiwan and Asia Pacific. For the fiscal year ended June 2011, Lam generated 24% of its total revenues from Taiwan, followed by Korea with 23%, Asia Pacific with 15%, Japan and Europe with 13% each, and North America reported 12% of the total revenue. In June 2012, the company completed its merger with Novellus Systems, Inc. The merger enables the company to accelerate revenue growth at a faster pace by leveraging its technology adjacencies and complementary experience to more quickly deliver solutions addressing its customers' technology and productivity challenges. In May 2012, the company entered into an accelerated stock buyback agreement with Goldman, Sachs & Co. to repurchase an aggregate of $375m of Lam Research common stock. The company announced to acquire the common shares pursuant to the ASB agreement as part of its $1.6 billion stock repurchase program. The company opened a new research and development lab in Villach, Austria, to develop leading-edge technology for customers.

Lam Research Corporation (Lam) is one of the leading wafer fabrication equipment suppliers in the world. The company focuses in designing, production, distribution, and service of wafer fabrication equipment. It provides etch technologies products principally for range of applications including conductor, dielectric etch, micro-electromechanical systems (MEMS), deep silicon, and three-dimensional integrated circuit (3D IC) applications. The company also delivers advanced generation wafer cleaning solution for wafer manufacturing operations. In addition, Lam offers customer extranet, spares, support, refurbished systems, and product training. The company operates across the US, China, Japan, Korea, Taiwan, Malaysia, Singapore, Switzerland, France, Germany, Israel, Italy and the Netherlands. The company focuses in the expansion of its operational and geographical presence through acquisitions and mergers with market leading companies across the world. In the process, the company recently merged with Novellus Systems, Inc., to accelerate revenue growth at a faster pace by leveraging its technology adjacencies and complementary experience to more quickly deliver solutions addressing its customers' technology and productivity challenges. Lam is headquartered in Fremont, California, the US.The company reported revenues of (U.S. Dollars) USD 3,237.69 million during the fiscal year ended June 2011, an increase of 51.74% over 2010. The operating profit of the company was USD 804.29 million during the fiscal year 2011, an increase of 89.06% over 2010. The net profit of the company was USD 723.75 million during the fiscal year 2011, an increase of 108.77% over 2010.

Lam Research Corporation, founded in 1980, is one of the leading suppliers of wafer fabrication equipment and services to the world's semiconductor industry. The company provides various types of etch systems, including dielectric etch, conductor etch, resist strip and Synergy cleaning products. Its etch and chemical mechanical planarization products selectively remove portions of various films from the wafer to create semiconductors. The company also develops intellectual property for integrated processing solutions. Its Synergy standalone clean system is used to clean wafers both before and after a range of semiconductor processing steps. Lam Research Corporation is headquartered in Fremont, Calif., and maintains a network of facilities throughout the United States, Japan, Europe, and Asia.

Manufacturer of water cleaning systems and semiconductor processing equipment specializing in Synergy(tm) and Teres(tm) etching systems. Products are focused on solutions for dry etch and chemical mechanical planarization for applications in the fabrication of integrated circuits. Products are sold to semiconductor device manufacturers.

Product Codes

Product Code	Product Description
MAN-EP-CW	Wafer cleaning systems
MAN-EP-PB	Wafer polishing systems
MAN-EP-PB	Etching systems

Brand/Trade Names

Tcp - Computer software

Lam Research - Semiconductor manufacturing machinery

Ontrak - Computer hardware

Financial Data

Financials in:	USD(mil)

Revenue:	2,665.2
Net Income:	168.7
Assets:	8,004.7
Long Term Debt:	952.1
Total Liabilities:	2,872.9
Working Capital:	1.1

Date of Financial Data:	24-Jun-2012

1 Year Growth

-17.7%

-76.7%

97.5%

Market Data

Quote Symbol:	LRCX
Exchange:	NASDAQ
Currency:	USD
Stock Price:	32.5
Stock Price Date:	10-12-2012
52 Week Price Change %:	-26.1
Market Value (mil):	5,755,973.0

SEDOL:	2502247
ISIN:	US5128071082

Equity and Dept Distribution:
Common Stock $.001 Par, 09/11, 400M auth., 124,490,743 issd., less 40,101,000 shs. in Treas. @ $1.71B. Insiders own 0.46%. PO:9/94, 2.8M shares @$38.75 by SmithBarney. 3/00, 3-for-1 split. 9/93, 3-for-2 split. FY '01 Summ. Q's reflect the restatement.

Key Corporate Relationships

Auditor:	Ernst & Young LLP
Bank:	Ikon Financial Services

Auditor:	Ernst & Young LLP

Additional Information
ABI Number:	834201188
Fortune 1000 Rank:	660

Credit Report as of 11/01/2011

Location

4650 Cushing Pkwy
Fremont, CA 94538-6401
United States

County: Alameda

MSA: San Fran, CA

Phone: 510-572-0200

Fax: 510-572-6454

URL: http://lamrc.com

ABI^©: 834201188

Annual Sales: $2,665,192,000 (USD)

Employees: 6,600

Facility Size(ft²): 40,000+

Business Type: Public

Location Type: Headquarter

Ticker: LRCX

Exchange: NASDAQ

Primary Line of Business:
SIC:	3559-34 - Semiconductor Manufacturing Equip (Mfrs)
NAICS:	333298 - All Other Industrial Machinery Mfg
Secondary Lines of Business:
SICs:	3674-01 - Semiconductor Devices (Mfrs)
	3679-01 - Electronic Equipment & Supplies-Mfrs
	4813-02 - Telecommunications Services
	5063-49 - Semiconductor-Mfrs' Equip/Supls (Whls)
	5065-19 - Electronic Equipment & Supplies-Whls
	8742-13 - Marketing Programs & Services
NAICS:	334419 - Other Electronic Component Mfg
	423610 - Electric Equip & Wiring Merchant Whols
	541613 - Marketing Consulting Svcs
	334413 - Semiconductors & Related Devices Mfg
	517310 - Telecommunications Resellers
	423690 - Other Electronic Parts Merchant Whols

Corporate Family	Corporate Structure News:
	Lam Research Corporation
Lam Research Corporation Total Corporate Family Members: 71

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Lam Research Corporation	Parent	Fremont, CA	United States	Miscellaneous Capital Goods	2,665.2	6,600
Novellus Systems, Inc.	Subsidiary	San Jose, CA	United States	Apparel and Accessories	85.7	2,855
Recently acquired (previously owned by Novellus Systems, Inc.).See corporate structure news on Lam Research Corporation for details
Peter Wolters GmbH	Subsidiary	Rendsburg, Schleswig-Holstein	Germany	Miscellaneous Capital Goods	97.5	440
Peter Wolters Of America Inc	Subsidiary	Plainville, MA	United States	Miscellaneous Capital Goods	14.2	15
Novellus Systems Taiwan	Subsidiary	Hsin-chu	Taiwan	Miscellaneous Capital Goods	1.0	200
Novellus Systems Japan, G.K.	Subsidiary	Kawasaki, Kanagawa	Japan	Miscellaneous Capital Goods		150
Novellus Systems Japan Inc.	Subsidiary	Yokohama, Kanagawa	Japan	Business Services	1.0	128
Novellus Singapore Pte Ltd.	Subsidiary	Singapore	Singapore	Miscellaneous Capital Goods	1.0	100
Novellus Systems International B.V.	Subsidiary	Amsterdam, Noord-Holland	Netherlands	Miscellaneous Financial Services	946.2	1
Novellus Systems Italy SRL	Subsidiary	Agrate Brianza, Milan	Italy	Miscellaneous Capital Goods	0.6	2
Lam Research Corp	Branch	Hopewell Jct, NY	United States	Semiconductors	28.6	50
Novellus Systems GmbH	Subsidiary	Dresden, Sachsen	Germany	Miscellaneous Capital Goods		50
Novellus Systems Ireland Ltd.	Subsidiary	Maynooth, Kildare	Ireland	Office Equipment		45
Novellus Systems Semiconductor Equipment Shanghai Co. Ltd.	Subsidiary	Shanghai	China	Miscellaneous Capital Goods	1.0	30
SpeedFam USA, Inc.	Subsidiary	Des Plaines, IL	United States	Miscellaneous Capital Goods		30
Peter Wolters U.K. Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Capital Goods		200
SpeedFam-IPEC GmbH	Subsidiary	Rendsburg	Germany	Miscellaneous Capital Goods
Novellus Systems Korea	Subsidiary	Songnam	Korea, Republic of	Miscellaneous Capital Goods	31.9	20
Novellus Systems SARL	Subsidiary	Le Coudray-Montceaux	France	Miscellaneous Capital Goods	8.3	20
Lam Research Corp	Branch	Boise, ID	United States	Semiconductors	6.9	12
Lam Research Corp	Branch	Austin, TX	United States	Semiconductors	5.7	10
Lam Research Corp	Branch	Tualatin, OR	United States	Semiconductors	5.7	10
Lam Research Corp	Branch	Hillsboro, OR	United States	Semiconductors	5.7	10
Lam Research Corp	Branch	Williston, VT	United States	Semiconductors	5.7	10
Lam Research Corp	Branch	San Bernardino, CA	United States	Semiconductors	5.7	10
Lam Research Corp	Branch	San Bernardino, CA	United States	Semiconductors	5.7	10
Lam Research Corp	Branch	Albany, NY	United States	Semiconductors	5.7	10
Novellus Systems (Malaysia) Sdn. Bhd.	Subsidiary	Kulim, Kedah Darul Amam	Malaysia	Miscellaneous Capital Goods	2.6	4
Lam Research Corp	Branch	Bloomington, MN	United States	Semiconductors	0.6	1
Novellus Systems Israel Ltd.	Subsidiary	Qiryat-Gat	Israel	Miscellaneous Capital Goods
Novellus Systems (India) Pvt. Ltd.	Subsidiary	Bengaluru	India	Miscellaneous Capital Goods
Novellus Systems UK Limited	Subsidiary	Falkirk	United Kingdom	Miscellaneous Capital Goods
Novellus Systems International Trading (Shanghai) Co. Ltd	Subsidiary	Shanghai, Pudong New Area	China	Miscellaneous Capital Goods
Lam Research Holding GmbH	Subsidiary	Zurich	Switzerland	Construction - Supplies and Fixtures		880
Lam Research Management GmbH	Subsidiary	Villach	Austria	Business Services		600
SEZ America Inc.	Subsidiary	Fremont, CA	United States	Miscellaneous Capital Goods	22.1	63
SEZ Taiwan Ltd.	Subsidiary	Hsin-chu	Taiwan	Business Services		45
SEZ Asia Pacific Pte. Ltd.	Subsidiary	Singapore	Singapore	Miscellaneous Financial Services
SEZ Singapore Pte. Ltd.	Subsidiary	Singapore	Singapore	Business Services
SEZ Korea Ltd.	Subsidiary	Suwon	Korea, Republic of	Business Services
LAM Research AG	Subsidiary	Villach	Austria	Miscellaneous Capital Goods	206.2	500
Lam Research Co., Ltd.	Subsidiary	Hsin-chu	Taiwan	Retail (Specialty)	1.0	300
Lam Research Korea Ltd.	Subsidiary	Songnam, Kyungki Do	Korea, Republic of	Semiconductors	1.0	180
Lam Research Co.,Ltd.	Subsidiary	Yokohama, Kanagawa	Japan	Electronic Instruments and Controls	411.2	100
Lam Research Singapore Pte. Ltd.	Subsidiary	Singapore	Singapore	Business Services	1.0	95
Lam Research Sarl	Subsidiary	Meylan	France	Semiconductors	8.2	74
Lam Research GmbH	Subsidiary	MÃ¼nchen, Bayern	Germany	Semiconductors		55
Lam Research Corporation	Branch	Colorado Springs, CO	United States	Miscellaneous Capital Goods		50
Lam Research Sarl	Subsidiary	Corbeil-Essonnes	France	Semiconductors		40
Lam Research Corporation	Branch	Fishkill, NY	United States	Appliance and Tool	10.0	35
Lam Research Corporation	Branch	Boise, ID	United States	Miscellaneous Capital Goods	15.3	30
Lam Research Srl	Subsidiary	Catania	Italy	Semiconductors	1.0	20
Lam Research Srl	Subsidiary	Milan	Italy	Semiconductors	5.5	19
Lam Research (Shanghai) Co., Ltd.	Subsidiary	Shanghai, Pudong	China	Communications Equipment	1.0	15
Lam Research Corporation	Branch	Vancouver, WA	United States	Miscellaneous Capital Goods	16.6	12
Lam Research B.V.	Subsidiary	Schiphol-Rijk	Netherlands	Semiconductors	0.9	11
Lam Research Corp	Branch	Boise, ID	United States	Electronic Instruments and Controls	3.3	10
Lam Research Corporation	Branch	Tempe, AZ	United States	Miscellaneous Capital Goods		10
Lam Research Corporation	Branch	Richardson, TX	United States	Electronic Instruments and Controls		8
Lam Research Corp	Branch	Livermore, CA	United States	Electronic Instruments and Controls	7.1	7
Lam Research Corporation	Branch	Austin, TX	United States	Semiconductors	4.0	7
Lam Research Co., Ltd.	Subsidiary	Oita	Japan	Semiconductors		7
Lam Research (Ireland) Limited	Subsidiary	Dublin	Ireland	Semiconductors	1.4	6
Lam Research Co., Ltd.	Subsidiary	Toyama	Japan	Semiconductors		6
Lam Research Corp	Branch	Melrose, MA	United States	Electronic Instruments and Controls	5.1	5
Lam Research Corporation	Branch	South Portland, ME	United States	Miscellaneous Capital Goods	3.8	5
Silfex Inc	Branch	Eaton, OH	United States	Electronic Instruments and Controls	3.8	5
Lam Research Co., Ltd.	Subsidiary	Hyogo	Japan	Semiconductors
Lam Research (Israel) Ltd.	Subsidiary	Ramat Gan	Israel	Semiconductors
Lam Research Japan Company Limited	Branch	Takaoka	Japan	Electronic Instruments and Controls
Lam Research Co., Ltd. - Hiroshima Service Center	Subsidiary	Hiroshima, Hiroshima	Japan	Semiconductors

Competitors Report

Company Name	Location	Employees	Ownership
Applied Materials, Inc.	Santa Clara, California, United States	14,600	Public
ASM International NV (Amsterdam)	Almere, Netherlands	18,147	Public
Axcelis Technologies, Inc.	Beverly, Massachusetts, United States	1,025	Public
CollabRx Inc	Petaluma, California, United States	3	Public
DAINIPPON SCREEN MFG. CO., LTD.	Kyoto-Shi, Japan	4,890	Public
EBARA CORPORATION	Tokyo, Japan	14,695	Public
FSI International, Inc.	Chaska, Minnesota, United States	407	Public
Hitachi, Ltd.	Tokyo, Japan	323,540	Public
Intevac, Inc.	Santa Clara, California, United States	429	Public
KLA-Tencor Corporation	Milpitas, California, United States	5,710	Public
Mattson Technology, Inc.	Fremont, California, United States	382	Public
Novellus Systems, Inc.	San Jose, California, United States	2,855	Public
Photronics, Inc.	Brookfield, Connecticut, United States	1,350	Public
PSK Inc	Hwaseong, Korea, Republic of	143	Public
Semitool, Inc.	Kalispell, Montana, United States	826	Public
Spts Technologies Overseas Holdings Ltd.	Newport, United Kingdom	190	Private
Suess MicroTec AG	Garching Bei Muenchen, Germany	689	Public
Tokyo Electron Limited	Tokyo, Japan	10,684	Public
Ultratech, Inc.	San Jose, California, United States	322	Public
ULVAC, Inc.	Chigasaki-Shi, Japan	6,981	Public
Veeco Instruments Inc.	Plainview, New York, United States	917	Public

Executive report

Board of Directors

Name

Title

Function

Stephen G. Newberry

Chairman

Biography:

Mr. Stephen G. Newberry has been appointed as Chairman of the Board of Lam Research Corporation effective November 1, 2012. He is no longer Vice Chairman of the Board of the Company effective November 1, 2012. Mr. Newberry has been a director of the Company since 2005 and has served as the Vice Chairman of the Companyâ€™s board since 2010. He also serves as the Companyâ€™s Chief Executive Officer, and previously served as the Companyâ€™s President. Mr. Newberry joined the Company in August 1997 as Executive Vice President and Chief Operating Officer. He was appointed President and Chief Operating Officer in July 1998, President and Chief Executive Officer in June 2005, and Vice Chairman and Chief Executive Officer in December 2010. As previously announced, Mr. Newberry is expected to transition from being the Companyâ€™s Vice Chairman and Chief Executive Officer to being Vice Chairman effective January 1, 2012. Prior to joining the Company, Mr. Newberry held various executive positions at Applied Materials, Inc. during his 17-year tenure there. Mr. Newberry serves on the boards of directors of Nanometrics Incorporated, a publicly traded company, and of Semiconductor Equipment and Materials International (â€œSEMIâ€), a global semiconductor industry trade association. Mr. Newberry previously served as a director of Amkor Technology, Inc., and of Nextest Systems Corporation. Mr. Newberry is a graduate of the U.S. Naval Academy and the Harvard Graduate School of Business.

Age: 58

Education:

United States Naval Academy

Compensation/Salary:$699,231

Compensation Currency: USD

Social:

Martin B. Anstice

President, Chief Executive Officer, Director

Director/Board Member

Biography:

Mr. Martin B. Anstice is President, Chief Executive Officer, Director of Lam Research Corporation. He joined Lam Research in April 2001 as Senior Director, Operations Controller, was promoted to the position of Managing Director and Corporate Controller in May 2002, was promoted to Group Vice President, Chief Financial Officer and Chief Accounting Officer in June 2004, was named Senior Vice President, Chief Financial Officer and Chief Accounting Officer in March 2007, was promoted to Executive Vice President, Chief Operating Officer, in September 2008, and promoted to President, Chief Operating Officer, in December 2010. In January 2012, Mr. Anstice was appointed President, Chief Executive Officer, and in February 2012, was appointed to the Lam Research Corporation Board of Directors. Mr. Anstice began his career at Raychem Corporation where, during his 13-year tenure, he held numerous finance roles of increasing responsibility in Europe and North America. Subsequent to Tyco Internationalâ€™s acquisition of Raychem in 1999, he assumed responsibilities supporting mergers and acquisition activities of Tyco Electronics. Mr. Anstice is an associate member of the Chartered Institute of Management Accountants in the United Kingdom.

Age: 45

Compensation/Salary:$605,288

Compensation Currency: USD

Social:

Eric K. Brandt

Independent Director

Director/Board Member

Biography:

Mr. Eric K. Brandt serves as Independent Director of Lam Research Corporation since 2010. Mr. Brandt serves as Executive Vice President and Chief Financial Officer of Broadcom Corporation, a global supplier of semiconductor devices, a role in which he has served since joining Broadcom in March 2007. From September 2005 to March 2007, Mr. Brandt served as President and Chief Executive Officer of Avanir Pharmaceuticals, Inc., a pharmaceutical company. Prior to Avanir Pharmaceuticals, Mr. Brandt was Executive Vice President-Finance and Technical Operations and Chief Financial Officer of Allergan Inc., a global specialty pharmaceutical company, where he also held a number of other senior positions following his arrival there in May 1999. Mr. Brandt serves as a member of the board of directors and a member of the compensation committee of Dentsply International, Inc., a manufacturer and distributor of dental product solutions. He previously served as a member of the boards of directors of Avanir Pharmaceuticals and of Vertex Pharmaceuticals, Inc., a pharmaceutical company, where he was chair of the audit committee. Mr. Brandt received a B.S. in Chemical Engineering from the Massachusetts Institute of Technology and an M.B.A. from the Harvard Graduate School of Business.

Age: 50

Education:

Harvard Business School, MBA
Massachusetts Institute of Technology, BS (Chemical Engineering)

Michael R. Cannon

Independent Director

Director/Board Member

Biography:

Mr. Michael R. Cannon has been appointed as Independent Director of Lam Research Corporation since February 2011. He is the General Partner of MRC & LBC Partners, LLC. He retired from Dell Inc. in 2009 after serving as Dellâ€™s President of Global Operations from 2007 to 2009. Prior to joining Dell, he was President and Chief Executive Officer and served on the board of directors of Solectron Corporation, which he joined in 2003. From July 1996 until 2003, Mr. Cannon served as President and Chief Executive Officer of Maxtor Corporation, where he also served on the board. Prior to Maxtor, Mr. Cannon held senior management positions at IBM. Mr. Cannon serves on the boards of Adobe Systems, Seagate Technology, and the Elster Group SE. He studied mechanical engineering at Michigan State University and completed the Advanced Management Program at the Harvard Graduate School of Business.

Age: 59

Youssef A. El-Mansy

Independent Director

Director/Board Member

Biography:

Dr. Youssef A. El-Mansy, Ph.D., serves as Independent Director of Lam Research Corporation since June 4, 2012. He is the retired Vice President, Director of Logic Technology Development, at Intel Corporation, a producer of microchips, computing and communications products, where he was responsible for managing technology development, the processor design center for Intelâ€™s Technology and Manufacturing Group and two wafer manufacturing facilities. Dr. El-Mansy joined Intel in 1979 and led microprocessor technology development at Intel for 20 years. Dr. El-Mansy served on the board of directors of Novellus Systems, Inc., a semiconductor wafer fabrication equipment company, from April 2004 until its merger with Lam Research in June 2012 and on the board of directors of Zygo Corporation, a designer and manufacturer of optical systems, from July 2004 to June 2009. Dr. El-Mansy holds Bachelor of Science and Masters degrees in Electronics and Communications from Alexandria University in Egypt and a Ph.D. in Electronics from Carleton University in Ottawa, Canada.

Age: 67

Education:

Carleton University, PHD (Electronics)
Alexandria University, M (Electronics)
Alexandria University, BS (Electronics)

Christine A. Heckart

Independent Director

Director/Board Member

Biography:

Ms. Christine A. Heckart serves as Independent Director of Lam Research Corporation since 2011. She is the Chief Marketing Officer of ServiceSource, a service revenue management company. From 2010 to 2012, she was the Chief Marketing Officer at NetApp, Inc., a provider of data storage and management solutions. Ms. Heckart served as General Manager for the TV, video and music business of Microsoft Corporation, a developer of software, services, and hardware, from 2005 to 2010; and she led global marketing at Juniper Networks, Inc., a provider of network infrastructure solutions, from 2002 to 2005. She was President at TeleChoice, Inc, a consulting firm specializing in business and marketing strategies, from 1995 to 2002. Ms. Heckart holds a degree in economics from the University of Colorado at Boulder.

Age: 46

Education:

University of Colorado (Economics)

Grant M. Inman

Independent Director

Director/Board Member

Biography:

Mr. Grant M. Inman is Independent Director of Lam Research Corporation since August 1981. He is the founder and General Partner of Inman Investment Management, a venture investment firm formed in 1998. Prior to 1998, he co-founded and served as General Partner of Inman & Bowman, a venture capital firm formed in 1985. Mr. Inman was a general partner of the investment banking firm Hambrecht & Quist from 1980 to 1985. Mr. Inman has served on the board of directors of Paychex, Inc., a payroll and human resources outsourcing services company, since 1983 and is a Trustee of The University of California, Berkeley Foundation. He previously served as a director of Wind River Systems, Inc., a developer of operating systems, middleware and software development tools, from June 1999 to July 2009. Mr. Inman holds a B.A. degree in economics from the University of Oregon and an M.B.A. from the University of California, Berkeley.

Age: 70

Education:

University of California, Berkeley, MBA
University of Oregon, BA (Economics)

Catherine P. Lego

Independent Director

Director/Board Member

Biography:

Ms. Catherine P. Lego,CPA, is Independent Director of Lam Research Corporation since 2006. From December 1999 to December 2009, she was the General Partner of The Photonics Fund, LLP, a venture capital investment firm that she founded. Prior to forming The Photonics Fund, she founded Lego Ventures LLC, a consulting services firm for early stage electronics companies, and practiced as a Certified Public Accountant with Coopers & Lybrand, an accounting firm. Ms. Lego currently serves on the board of directors and chairs the audit committee of SanDisk Corporation, a global developer of flash memory storage solutions. She received a B.A. in economics and biology from Williams College and an M.S. in Accounting from the New York University Graduate School of Business.

Age: 55

Education:

New York University, MS (Accounting)
Williams College, BA (Economics and Biology)

Krishna C. Saraswat

Independent Director

Director/Board Member

Biography:

Dr. Krishna C. Saraswat, Ph.D., serves as Independent Director of Lam Research Corporation since June 4, 2012. He has served as the Rickey/Nielsen Professor in the School of Engineering of Stanford University since 2004. He has also served as a Professor of Electrical Engineering and a Professor of Material Science and Engineering at Stanford University since 1983. Dr. Saraswat served on the board of Novellus from February 2011 until its merger with Lam Research in June 2012. Dr. Saraswat received his B.E. degree in Electronics in 1968 from the Birla Institute of Technology and Science, Pilani, India, and his M.S. and Ph.D. degrees in Electrical Engineering in 1969 and 1974, respectively, from Stanford University. At Stanford University he has been engaged in research on new and innovative materials, structures, and process technology of silicon, germanium and III-V devices and interconnects for VLSI and nanoelectronics.

Age: 65

Education:

Stanford University, PHD (Electrical Engineering)
Stanford University, MS (Electrical Engineering)
Birla Institute of Technology and Science, Pilani, B (Electronics)

William R. Spivey

Independent Director

Director/Board Member

Biography:

Dr. William R. Spivey, Ph.D., serves as Independent Director of Lam Research Corporation since June 4, 2012. From July 2000 to September 2001, he was President and Chief Executive Officer of Luminent, Inc., a producer of fiber optic components. From October 1997 to July 2000, he was Group President, Network Products Group of Lucent Technologies, a producer of world-wide communications products. Previously he held senior executive positions at AT&T Microelectronics, a communications company; Tektronix, Inc., a provider of communications network management and diagnostic solutions; Honeywell; and General Electric. Dr. Spivey serves on the boards of directors of Cascade Microtech, Inc., a developer of precision electrical measurement and test of advanced semiconductor devices, and Raytheon Company, a prime contractor on a broad portfolio of defense and related programs for government customers. He also served on the boards of Novellus from May 1998 until its merger with Lam Research in June 2012; Laird PLC, a global provider of products and technology solutions, from 2002 to 2012; ADC Telecommunications, a supplier of networking products and systems, from 2004 to 2010; Lyondell Chemical Company, from 2000 to 2007; and Luminent, from 2000 to 2001. Dr. Spivey holds a Bachelor of Science degree in Physics from Duquesne University, a Masters degree in Physics from Indiana University of Pennsylvania and a Ph.D. in Management from Walden University.

Age: 65

Education:

Walden University, PHD (Management)
Indiana University of Pennsylvania, MS (Physics)
Duquense University, BS (Physics)

Abhi Talwalker

Director

Director/Board Member

Biography:

Mr. Abhijit Y. Talwalkar serves as Independent Director of Lam Research Corporation since February 2011. Since 2005, he has been the President and Chief Executive Officer of LSI Corporation, a provider of silicon, systems and software technologies for the storage and networking markets. Prior to becoming the LSI President and Chief Executive Officer, Mr. Talwalkar acted in several executive leadership roles at Intel from 1993 to 2005. Mr. Talwalkar also serves on the boards of LSI and the U.S. Semiconductor Industry Association, a semiconductor industry trade association. He has a degree in electrical engineering from Oregon State University.

Age: 48

Education:

Oregon State University (Electrical Engineering)

Executives

Name

Title

Function

Martin B. Anstice

President, Chief Executive Officer, Director

Chief Executive Officer

Biography:

Age: 45

Compensation/Salary:$605,288

Compensation Currency: USD

Social:

Richard A. Gottscho

Senior Vice President - Global Products, General Manager - Etch Businesses

Division Head Executive

Biography:

Dr. Richard A. Gottscho is Senior Vice President - Global Products, General Manager - Etch Businesses of Lam Research Corporation. Prior to that time, he had been Group Vice President and General Manager, Etch Businesses since March 2007. Dr. Gottscho joined the Company in January 1996 and has served at various Director and Vice President levels in support of etch products, CVD products, and corporate research. Prior to joining Lam Research, Dr. Gottscho was a member of Bell Laboratories for 15 years where he started his career working in plasma processing. During his tenure at Bell, he headed research departments in electronics materials, electronics packaging, and flat panel displays. Dr. Gottscho is the author of numerous papers, patents, and lectures in plasma processing and process control. He is a recipient of the American Vacuum Societyâ€™s Peter Mark Memorial Award and Plasma Science and Technology Division Prize, the Gaseous Electronics Conference Foundation Lecturer, the Dry Process Symposium Nishizawa Award, and the Tegal Thinker Award. He is a fellow of the American Physical and American Vacuum Societies and has served on numerous editorial boards of refereed technical publications, program committees for conferences in plasma science and engineering, and was vice-chair of a National Research Council study on plasma science in the 1980s. Dr. Gottscho earned Ph.D. and B.S. degrees in physical chemistry from the Massachusetts Institute of Technology and the Pennsylvania State University, respectively.

Age: 60

Education:

Massachusetts Institute of Technology, PHD (Physical Chemistry)
Pennsylvania State University, BS (Physical Chemistry)

Compensation/Salary:$427,942

Compensation Currency: USD

Social:

Sarah A. O'Dowd

Group Vice President and Chief Legal Officer

Division Head Executive

Biography:

Ms. Sarah A. O'Dowd is Group Vice President and Chief Legal Officer of Lam Research Corporation. She is responsible for general legal matters, intellectual property and ethics & compliance. In addition to her Legal function, in April 2009 she was appointed Vice President of Human Resources and served in this dual capacity from April 2009 through May 2012. Prior to joining Lam Research, Ms. Oâ€™Dowd was Vice President and General Counsel for FibroGen, Inc. from February 2007 until September 2008. Until February 2007, Ms. Oâ€™Dowd was a shareholder in the law firm of Heller Ehrman LLP for more than twenty years, practicing in the areas of corporate securities, governance and mergers and acquisitions for a variety of clients, principally publicly traded high technology companies. She served in a variety of leadership and management roles at Heller Ehrman, including Managing Partner of the Silicon Valley and San Diego offices, member of the firmâ€™s Policy Committee and, as head of the firmâ€™s business practice groups, a member of the firmâ€™s Executive Committee.

Age: 62

Education:

Immaculata College, AB (Mathematics)
Stanford Law School, JD

Compensation/Salary:$377,596

Compensation Currency: USD

Social:

Timothy M. Archer

Chief Operating Officer, Executive Vice President

Operations Executive

Biography:

Mr. Timothy M. Archer is Chief Operating Officer, Executive Vice President of Lam Research Corporation. He served as Novellusâ€™ Chief Operating Officer since January 2011. After joining Novellus in 1994, Mr. Archer held a number of positions, including Executive Vice President of Sales, Marketing and Customer Satisfaction from September 2009 to January 2011; Executive Vice President, PECVD and Electrofill Business Units from November 2008 to September 2009; Senior Vice President, PECVD and Electrofill from September 2007 to November 2008; Senior Vice President, Dielectrics Business Group from February 2006 to September 2007; Senior Vice President, PECVD and Electrofill Business Unit from October 2005 to February 2006; Vice President and General Manager for the Electrofill Business Unit from April 2002 to October 2005; Senior Director of Technology for the Electrofill Business Unit from April 2001 to April 2002; and Senior Director of Technology for Novellus Systems Japan from July 1999 to April 2001. Prior to joining Novellus, Mr. Archer was employed at Tektronix, Inc., a provider of communications network management and diagnostic solutions. Mr. Archer completed the Program for Management Development at Harvard Business School and holds a Bachelor of Science degree in Applied Physics from the California Institute of Technology.

Age: 45

Education:

California Institute of Technology, BS (Applied Physics)

Nicolas J Bright

Executive Vice President-Products

Operations Executive

Education:

Brunel University, BS (Electrical And Electronics Engineering)
Brunel University, MSc (Electrical And Electronics Engineering)

Vince Brigman

Vice President Regional Operations

Operations Executive

Dustin Bryant

North America Business Operations Manager

Operations Executive

Roger Gary

Manager Plm Operations

Operations Executive

Abdi Hariri

Group Vice President-Global Operations

Operations Executive

Education:

Stanford University, Masters (Chemical Engineering)

Social:

Gregg Harrang

Senior Global Security Operations Manager

Operations Executive

Social:

Marc Haugen

Vice President Global Product Operations

Operations Executive

Social:

Matt Hawkins

Logistics Operations Analyst

Operations Executive

Social:

David J Hemker

Vice President-New Product Development

Operations Executive

Education:

Stanford University, MS (Chemical Engineering)
Stanford University, PhD (Chemical Engineering)
University of Wisconsin, BS (Chemical Engineering)

Ken Krenzin

Director, Global Inventory Planning Global Spares Operations

Operations Executive

Social:

Kelly Kurtz

Senior Manager, Supply Chain Operations

Operations Executive

Social:

Jim Pasichuke

Senior Director Global Business Operations

Operations Executive

Larry Reeves

Global Freight Operations Manager

Operations Executive

Social:

Scott Thomas

Facility Operations Manager

Operations Executive

Social:

Yaime Warf

Hris Analyst

Operations Executive

Social:

Rob Woll

Product Group Operations

Operations Executive

Social:

Sonia Castillo

Supply Chain Business Manager

Administration Executive

Social:

Anita Gonzales

Senior Administrative Specialist

Administration Executive

David Jensen

Senior Information Technology Applications Administrator

Administration Executive

Social:

Kurt Kern

Supply Chain Business Manager, Lam Res

Administration Executive

Social:

Bob Liu

Supply Chain Business Manager

Administration Executive

Laura Maloney

Senior Administrative Specialist

Administration Executive

Social:

Michelle Oceguera

Human Resources Admin

Administration Executive

Steve Porth

Supply Chain Business Manager

Administration Executive

Social:

Mona Qadoura

Supply Chain Business Manager

Administration Executive

Mike Rogers

Supply Chain Business Manager

Administration Executive

Social:

Anibal Valadas

Supply Chain Business Manager

Administration Executive

Social:

Ryan Newberry

Security Systems Technicia

Security

Art Brostrom

Senior Staff Financial Analyst

Finance Executive

Social:

Tom Calderon

Senior Finance Manager

Finance Executive

Social:

Grace Chen

Finance Manager

Finance Executive

Leign Cramer

Finance, Revenue Bookings

Finance Executive

Social:

Erik Goodman

Manager, Finance

Finance Executive

Social:

Michael Hewitt

Director, IT Global Financial Systems

Finance Executive

Social:

Ernest E. Maddock

Chief Financial Officer, Senior Vice President, Chief Accounting Officer

Finance Executive

Biography:

Mr. Ernest E. Maddock is Chief Financial Officer, Senior Vice President, Chief Accounting Officer of Lam Research Corporation. He was appointed Senior Vice President and Chief Financial Officer of Lam Research in September 2008. Additionally, Mr. Maddock oversees Information Technology and heads Silfex Incorporated (formerly Bullen Semiconductor Corporation), a division of Lam Research. From October 2003 through September 2008, Mr. Maddock held the position of Senior Vice President of Global Operations at Lam Research, overseeing Information Technology, Global Supply Chain, Production Operations, Corporate Quality, Global Security, and Global Real Estate & Facilities. Mr. Maddock also held the position of Vice President of the Customer Support Business Group (CSBG) with the Company. Mr. Maddock joined the Company in November 1997. Prior to his employment with Lam Research, Mr. Maddock was Managing Director, Global Logistics and Repair Services Operations, and Chief Financial Officer, Software Products Division, of NCR Corporation. He has also held a variety of executive roles in finance and operations in several industries ranging from commercial real estate to telecommunications.

Age: 54

Compensation/Salary:$474,261

Compensation Currency: USD

Social:

Kevin Pahler

Finance Director

Finance Executive

Social:

Michelle Quejado

Finance Manager

Finance Executive

Social:

Kevin Breitling

Manage of Accounts Payable

Accounting Executive

Khadija Ayub

Senior Director-Tax

Corporate Tax Executive

Sherry Tan

Controller China

Controller

Ray Allsup

Director, Global Benefits

Benefits & Compensation Executive

Mike Hill

Director Human Resources and Organizat

Human Resources Executive

Social:

Purnima Patel

Human Resources Something

Human Resources Executive

Shawn Redigan

Director, Human Resources and Global Legal Systems

Human Resources Executive

Social:

Jay Sekoch

Human Resources

Human Resources Executive

Social:

Julia Shin

Senior Mag., Od Global Human Resources

Human Resources Executive

Mark Alexander

Od Training Manager

Training Executive

Social:

Josh Estes

Training Specialist

Training Executive

Social:

Josh Feldman

Senior Manager, Global Training

Training Executive

Social:

Steve Manley

Manager Multimedia Training

Training Executive

Social:

Steve Nestle

Training and Tech Pubs Manager

Training Executive

Social:

Lori Robinson

Director of World Wide Information Technology Training

Training Executive

Social:

Christian Vescia

Senior Training Manager, Global Learning and Development

Training Executive

Social:

Chris Carolin

Director Customer Support

Customer Service Executive

Candie Stroope

Customer Service Manager

Customer Service Executive

Thomas J Bondur

Vice President & General Manager-Sales & Marketing

Sales Executive

Social:

Audrey Charles

Director Technology and Sales

Sales Executive

Social:

Shibu Gangadharan

Director - Technology & Sales

Sales Executive

Steven A Lindsay

Group Vice President-Global Sales & Corporate Marketing

Sales Executive

Social:

Malcolm Appelbe

Global Logistics, Planning and Spares

International Executive

Social:

Dorinda Chen

Global Mobility Specialist

International Executive

Cuong Lieu

Global Compliance Manager

International Executive

Lolita Vardeh

Global Mobility Specialist

International Executive

Social:

Greg Amico

Senior Director of Product Marketing

Marketing Executive

Stephen Bailey

Design Manager

Marketing Executive

Gary Blutman

Vice President Corporate Marketing

Marketing Executive

Clark Fuhs

Director of Corporate Marketing

Marketing Executive

Patty Natoli

Marketing Communications

Marketing Executive

Social:

Elizabeth Pavel

Senior Prod Comm Manager

Marketing Executive

Lae Jun

Manager, Product Communication

Corporate Communications Executive

Julie Moore

Internal Communications Manager

Corporate Communications Executive

Carol Raeburn

Senior Director-Investor Relations

Corporate Communications Executive

Social:

Shanye Hudson

Director, Investor Relations

Investor Relations Executive

Social:

Lisa Agnelli

Knowledge Management Manager

Information Executive

Social:

Michael Armer

Enterprise Architecture

Information Executive

Social:

Sanjeev Arora

Information Technology Project Manager

Information Executive

Murali Bati

Information Technology Manager

Information Executive

Social:

Anu Chowdipura

Information Technology Manager

Information Executive

Social:

Gary Cook

Database Administrator

Information Executive

Social:

Tom Coonce

Project Manager Systems

Information Executive

Robert Dunsford

Senior Information Technology Manager, Business Intelligence

Information Executive

Social:

Walt Ellis

Information Technology Program Manager Staff A

Information Executive

Social:

Rommel Esguerra

Information Technology Program Manager

Information Executive

Bradley Estes

Knowledge Management

Information Executive

Social:

Tim Finley

Information Systems Program Manager

Information Executive

Social:

Stephen Hwang

Director, It

Information Executive

Raymond Lee

Information Systems Program Manager

Information Executive

Social:

Ben Mooring

Director - 2300 Systems Engineering

Information Executive

Social:

Steve Pelletier

Information Systems Program Manager

Information Executive

Social:

Alan Schoepp

Director, It

Information Executive

Corey Thach

Business Systems Analyst

Information Executive

Kendric Todi

Information Security Engineer

Information Executive

Social:

Peter Wolte

Information Technology Program Manager

Information Executive

Greg Almeida

Network Administrator

Network Management Executive

Robert Chioino

Lab Manager

Network Management Executive

Social:

James Adams

Product Marketing Engineer