Lam Research Celebrates Top Suppliers With 2024 Excellence Awards, Championing Innovation and Sustainability

• Lam honors nine suppliers with 2024 Excellence Awards
• The awards highlight Lam's commitment to building a responsible and ethical supply chain

Driving the news: Today, we announced this year's recipients of the Supplier Excellence Awards, recognizing nine companies for their performance across five categories.

Why it matters: Lam's close collaboration with the awardees helps enable us to deliver a resilient, agile, and sustainable supply chain to serve our customers.

Big picture: Lam engages with thousands of suppliers around the world to responsibly source the specialized materials and components needed for our semiconductor manufacturing equipment. Last week, we recognized the following awardees at Supplier Day.

• Excellence in Operational Execution Award:Celestica Electronics SDN. BHD and Texon Co. Ltd. were awarded for their proactive delivery, strong investments in inventory strategies and localized manufacturing, and outstanding customer support.
  
• Environmental, Social and Governance (ESG) Excellence Award: TOTO Ltd. was recognized for their strong commitment to ESG principles, including human rights advocacy across the supply chain.
  
• Excellence in Quality Award:Easys s.r.o. was awarded for their high-yield performance, consistency of quality standards, methodologies and processes, as well as for their installation and warranty support.
  
• Rapid Prototype Materials Performance Award:CryoWest, Inc. and Venture Corporation Limited received this award for their exceptional support, responsiveness, and timely delivery, enabling Lam to provide faster solutions to meet customer needs.
  
• New Product Introduction Performance Award: INFICON AG, TOKAI CARBON KOREA, and Times Microwave Systems, Inc., an Amphenol Company demonstrated unmatched agility, operating responsively in Lam's dynamic development environment.

What we're hearing:

• "A strong and scalable supply chain is essential to accelerating innovation, overcoming challenges and enabling our customers to meet increasing demand for next-generation chips," said Karthik Rammohan, group vice president and head of global operations, Lam Research.
  
• "We commend our 2024 Excellence Award recipients for their demonstrated commitment to outstanding quality, operational execution, and environmental and social principles."

Bottom line: Lam works across our complex supply chain network to cultivate strong relationships built on shared values, transparency, and mutual trust. As part of our principle to "act with purpose for a better world," we seek to hold suppliers accountable for conducting business responsibly and ethically with a focus on human rights, environmental impact, and responsible mineral sourcing.

Related content:

• Learn more about Lam's approach for a responsible supply chain
• Read our 2023 ESG Report

Caution Regarding Forward-Looking Statements
Statements made in this article that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to but are not limited to: market and industry segment demand and expectations; the resilience, agility, and sustainability of our supply chain; the responsibility or sustainability of the materials sourced as part of our supply chain; the future performance of Lam or its suppliers and the strength of Lam's relationships with its suppliers; our engagement with suppliers on sustainability issues; Lam's ability to provide faster solutions to customers; and Lam's ability to meet all of its customers' needs. Some factors that may affect these forward-looking statements include: trade regulations, export controls, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; business, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; supply chain cost increases and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations in affected areas; as well as the other 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 30, 2024. 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 article.

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