- Lam Research is a wafer fab equipment (WFE) whose sales are primarily driven by the underlying strength of semiconductor demand and the existing capacity level.
- The shortage of chips has only been exacerbated by the pandemic and is expected to persist into the first half of 2023.
- Rising device complexity, driven by new technologies such as the cloud, 5G, AI, high performance computing and IoT are driving long-term demand for chips.
- The company's results are currently hitting on all cylinders, making Lam a buy at current prices.
For further details see:
Lam Research Riding The Rising Tide Of Long-Term Chip Demand