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Diverse Demand Drivers with Growing Opportunity Ahead

January 30, 2017

During an interview with Jim Cramer on CNBC’s Mad Money, Lam President and CEO Martin Anstice shared his thoughts on demand for semiconductors, future products that will drive growth in the industry, and the opportunity for the company.

Cramer began by commenting on how industry demand is evolving, citing unprecedented demand for NAND flash and DRAM memory. “It’s a different age in time, where these devices are no longer used the way we thought… The cycle is much longer and we should not be thinking, ‘When do I get off of Lam?’ because there are so many different devices out there that Lam could have business for multiple years…”

Martin agreed that industry drivers are diverse and the connected world creates extraordinary demand for semiconductor companies to deliver chips that power these experiences. Lam and other equipment companies are at the foundation: “As an industry and as a company, we sit as an enabler in many respects for the roadmap of virtual reality, 4K gaming, automotive automation, connected homes, and many of the agendas that are relevant and exciting in the years ahead. This is no longer the world of the single device or single demand driver. There is so much diversity in today’s tech economy.”

“This is a brave new world,” Cramer observed. “The machines [Lam Research is] going to be making are for devices you’ve never seen before, not the devices that you currently have.” Martin added his perspective: “The silicon device – which is the device that as an industry and as a company we make possible from a technology delivery point of view – is everything about the future of that roadmap, so it is a really exciting time and it’s a long-term story.”

To watch the full interview that aired on Thursday, January 26, 2017, please see the video on CNBC’s YouTube site.


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