AMAT - Lam Research: Headwinds Coming From Chinese And Japanese Competitors

2024-06-07 15:02:10 ET

Summary

• Lam Research is the leading etch equipment company with over 40% market share in 2023.
• The memory market is recovering from a tough year in 2023, with significant growth in NAND and DRAM billings.
• Chinese equipment suppliers, such as Naura, are experiencing strong growth despite US sanctions.
• Japan's Tokyo Electron will introduce new equipment in 2025 that could be a headwind for Lam.

Lam Research ( LRCX ) is the leading etch equipment company with more than a 40% share in 2023 according to The Information Network's report entitled "Global Semiconductor Equipment: Markets, Market Shares and Market Forecasts."...

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