Martin Anstice Featured on CNBC’s “Squawk on the Street”

August 6, 2014
Category:
Corporate

Lam’s President and CEO Martin Anstice spoke with the anchors of CNBC’s “Squawk on the Street” on July 31, the day after the company announced earnings results above the Street’s expectations for the June quarter. In a wide-ranging interview, Martin discussed the company’s recent results and factors driving the demand for enterprise and consumer electronics, which in turn drive the need for Lam’s wafer fabrication equipment.

During the discussion, Martin pointed out that integrated circuits have diverse applications today, from their use in cell phones, PCs, and tablets to the electronics in our cars and increasingly in our homes. Adding to CNBC anchor Sara Eisen’s comment about the emerging evidence of a PC “refresh” cycle, Martin said that approximately a third to 40% of the installed base is four to five years old and this replenishment cycle is one factor that creates positive momentum for the industry. He also explained his confidence in chipmakers’ disciplined investment, stressing that consolidation in the semiconductor industry has led to a focus on sustainable profitability and return on investment. In his closing comments, Martin said that Lam was well-positioned with products and technologies to take advantage of a projected $2 billion expansion in the company’s served available market through calendar year 2017.

To see a portion of Martin’s interview, please visit the CNBC website.

 

Martin_Anstice_on_CNBC

 

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