Lam Research Corp (Lam) is a provider of wafer fabrication equipment and related services to the semiconductor industry. The company’s products are used in various applications such as metal films, dielectric films, plasma etch, conductor etch, dielectric etch, through-silicon via (TSV) etch, wafer cleaning, and bevel cleaning products. It offers products under the SABRE, ALTUS, VECTOR, Striker, SPEED, Kiyo, Versys, Syndion, EOS, Da Vinci, and Coronus brand names.

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Lam’s R&D arm focuses on the development of new products and enhancement of existing solutions to address its customers' product requirements, support its growth strategy, and strengthen its competitive position. The company serves equipment and process engineers, and sales and marketing professionals. The company’s R&D facilities are located in the US, India, Korea and Austria, and manufacturing facilities in Ohio and Korea. In FY2023, the company incurred expenses of US$1,727.2 million on R&D, which as a percentage of revenue, stood at 9.9%.