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Sector
Technology
Size
Large Cap
Market Cap £58.34bn
Enterprise Value £57.81bn
Revenue £10.66bn
Position in Universe 162nd / 7245

Lam Research to Open New Semiconductor Equipment Manufacturing Facility in Oregon

Thu 9th September, 2021 2:30pm
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Hiring is underway for hundreds of new roles in the City of Sherwood

FREMONT, Calif., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Lam Research Corp.
(Nasdaq: LRCX) today announced the expansion of its manufacturing footprint in
Oregon with a new 45,000 square foot facility in the city of Sherwood, planned
to open in December 2021. Lam is one of the largest suppliers of semiconductor
manufacturing equipment in the world, and this new site will supply chipmakers
with the critical tools needed to build chips that power advanced electronic
devices. The new facility is Lam’s fifth manufacturing site in the United
States and will further enhance its resilience and ability to meet increasing
customer demand, as chip suppliers seek to ramp up production globally.

Lam expects its new facility to create approximately 300 new jobs and career
opportunities for residents of the Sherwood and Washington County communities,
including armed forces veterans, college students and high school graduates.
Many of the openings will be staffed through Lam’s contracted staffing
agencies, including Acara Solutions and Randstad USA. Benefits are expected to
include a multi-week paid training program that teaches highly sought-after
skills for semiconductor and technology industry jobs, a sign-on bonus,
competitive wages, paid time-off options, paid holidays, and healthcare
coverage.

“We are building the manufacturing workforce of the future—from our
comprehensive training program and next-generation manufacturing techniques,
to our agile and collaborative work environment,” said Tim Archer, president
and CEO of Lam Research. “As we continue to expand our manufacturing
operations, we are pleased to open a second facility in Oregon. We appreciate
the productive partnership with the city of Sherwood and look forward to being
an active member of their business community.”

“We are excited to work with Lam Research as they expand into our city,”
said Keith Mays, Mayor of Sherwood, Oregon. “Having a leading semiconductor
manufacturing equipment company in Sherwood will create new high-quality jobs
and bring significant economic impact to our community.”

New team members will start their training program at Lam’s nearby site in
Tualatin, Oregon until the new manufacturing building opens in Sherwood.
Available positions include assemblers, test technicians, engineering
technicians, and material handlers.

Both Acara Solutions and Randstad USA are hosting ongoing virtual job fairs
for the Lam manufacturing positions. Job candidates seeking more information
can contact Acara.Lam.TUAL@acarasolutions.com or
Randstadmfgtualatin@lamresearch.com.

Lam Research is hiring across its other US-based facilities in Tualatin,
Oregon, California, Ohio and around the world. For more information about
available positions visit careers.lamresearch.com
(https://careers.lamresearch.com/).

About Lam Research

Lam Research Corporation is a global supplier of innovative wafer fabrication
equipment and services to the semiconductor industry. Lam’s equipment and
services allow customers to build smaller and better performing devices. In
fact, today, nearly every advanced chip is built with Lam technology. We
combine superior systems engineering, technology leadership, and a strong
values-based culture, with an unwavering commitment to our customers. Lam
Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont,
Calif., with operations around the globe. Learn more at www.lamresearch.com.
(LRCX-B)

Caution Regarding Forward-Looking Statements 
Statements made in this press release that are not of historical fact are
forward-looking statements and are subject to the safe harbor provisions
created by the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements relate to but are not limited to: customer demand;
the opening date for Lam’s new facility in Sherwood; the products or
services to be produced at that facility; the impact of that facility on
Lam’s resilience and fulfillment of customer demand; Lam’s manufacturing
workforce; the expansion of Lam’s manufacturing operations; the number of
jobs to be created or the employment opportunities that will be available; the
expected benefits that job applicants or employees may receive; the
capabilities or training to be received; the impact on Sherwood and its
surrounding communities; where Lam employees may be trained; what positions
may be available; and Lam’s future hiring plans at Sherwood or its other
facilities. These statements are based on current expectations and are subject
to risks, uncertainties, and changes in condition, significance, value and
effect including those risks and uncertainties that are described in the
documents filed or furnished by us with the Securities and Exchange
Commission, including specifically the Risk Factors described in our annual
report on Form 10-K for the fiscal year ended June 27, 2021. These
uncertainties and changes could materially affect the forward-looking
statements and cause actual results to vary from expectations in a material
way. The Company undertakes no obligation to update the information or
statements made in this release.

Company Contacts:
Libra White
Media Relations
(510) 572-7725
publicrelations@lamresearch.com

Ram Ganesh
Investor Relations
(510) 572-1615
investor.relations@lamresearch.com

(https://www.globenewswire.com/NewsRoom/AttachmentNg/24a5c3f8-2a56-4aa2-9b6b-c87e89d221de)



GlobeNewswire, Inc. 2021
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