Lam Research to expand the supply chain for semiconductor manufacturing equipment in India
Fortune 500 company Lam Research Corporation has announced its strategic plan to expand its global supply chain
for semiconductor fabrication equipment, including significant India. The action highlights Lam Research's commitment
to expanding its footprint in key markets and utilizing India's expanding semiconductor ecosystem.
A thorough analysis of capabilities across various supply chain segments is a part of the company's expansion strategy. For the
fabrication of semiconductor wafers, Lam Research is actively looking into partnerships with Indian suppliers that can provide
high-quality gas delivery systems, custom components, precision components, and other essential assemblies.
The global semiconductor industry is expected to have a staggering$ 1 trillion in annual revenue by the year's end, according to
industry experts. In order to effectively meet this growing demand, Lam Research acknowledges the growing need for
semiconductors and emphasizes the need for collaboration and global cooperation.
The "close to customer" approach used by Lam Research with thousands of suppliers around the world is supported by its
collaborative approach. The company hopes to improve resilience to regional-specific supply chain challenges and stop potential bottlenecks by diversifying its supply chain and encouraging partnerships
globally.
The Center of Engineering at Lam Research, led by Karthik Rammohan, Vice President and Head of Global Operations, stressed
the value of utilizing India's infrastructure and talent. He emphasized that the proactive approach to expanding the supply
chain in India will enable customers in the region and Asia to experience better performance, sustainability, and capabilities.
Lam Research India's Corporate Vice President and General Manager Rangesh Raghavan stressed the strategic value of bolstering
the local supplier, integrator, and other key players 'global supply networks in India. Ravavan reiterated Lam's commitment to
strengthening the Indian semiconductor ecosystem while promoting the flexibility of its supply chain.
The expansion of Lam Research's footprint in India's semiconductor supply chain confirms its commitment to supporting
innovation, collaboration, and sustainability within the ecosystem of the country's semiconductor industry.