LRCX - Lam Research Corporation (LRCX) Bernstein Strategic Decisions Conference (Transcript)
2024-05-29 10:54:08 ET
Lam Research Corporation (LRCX)
Bernstein Strategic Decisions Conference
May 29, 2024 08:00 AM ET
Company Participants
Timothy Archer - President & CEO
Conference Call Participants
Stacy Rasgon - Bernstein
Presentation
Operator
Stacy Rasgon
I think we'll get started. Thank you, all, and good morning. Thank you for coming. I'm Stacy Rasgon. I cover the U.S. semiconductor and semiconductor capital equipment space here at Bernstein. And it's my great honor today to introduce our guest, the President and CEO of Lam Research, Mr. Tim Archer.
Before I start, I want to mention if you have questions you'd like to ask during the presentation, you should have a link to the pigeonhole form. I think there's a QR code in the program where you can submit those questions and we should have time for Q&A at the end.
So look, I would say -- I have semi-cap in my blood. I used to -- this is what I did in a prior life, and I love this space long-term. The industry itself has been enjoying a pretty significant renaissance over the last several years. I think it really is coming to its own both industry growth and I think, industry capital intensity have continued to inflect higher, and we've been seeing it by leaps and downs in the numbers.
I think the contributions from companies like Lam are more important than ever before, though, and people are starting to realize this, as materials-driven innovation moves to the forefront of process technology development as physical limits get closer and closer. And to that end, semi-cap has really been top of mind for many of my clients. They are, of course, in nearer-term questions, like NAND spending trajectory in China and everything else that we will certainly get in today.
But I’m also increasingly getting people looking at the longer-term potential of this industry as they start to view it as more on secular rather than purely cyclical terms, which I think is a good thing. So to talk about that, it gives me great pleasure to welcome Tim to our session. So thank you so much for being here today.
Timothy Archer
Great. Well, thanks, Stacy. It's fantastic to be here. Appreciate you having us....
Lam Research Corporation (LRCX) Bernstein Strategic Decisions Conference (Transcript)