Calling all innovative entrepreneurs working on sustainability solutions
Heatwaves such as the one we’ve recently experienced in the Western United States—not to mention the ones in Europe and India earlier this summer—have become more frequent in recent years and are projected to become even more common in the coming decades. California continues to suffer its worst megadrought in 1,200 years with little relief in sight.
Unfortunately, extreme weather events are not just an issue of personal health and comfort. They can cause companies operational disruption and the cost of energy, water, and waste is increasing.
Lam Research’s own R&D and manufacturing activities, and the manufacturing and transportation of goods in our supply chain, have climate impacts. As do our products when they are in use by our customers. That is why we set a goal to reach net zero emissions by 2050, with key milestones along the way to ensure we achieve progress at pace. As we accelerate our own climate action, we can help our customers do so too through both incremental and innovative steps that lessen the environmental impact of our tools.
To achieve our goals, we will need help from inside and outside the industry. We understand the role we play in accelerating the new technologies and solutions that will contribute to positive change and progress. This is why Lam Capital is pleased to sponsor our second Lam Capital Venture Competition. This event will be held in conjunction with the Lam Research Technical Symposium – a premiere invite-only, in-person forum that brings together a select group of industry and academic leaders to discuss innovative technologies that address semiconductor manufacturing’s grand challenges.
This year’s theme is Engineering a Greener Fab. It’s the intersection of climate tech and chips/semiconductor technology, two of the hottest areas right now (pun intended). We’re looking for startups working on manufacturing- or device-related solutions addressing energy reduction, clean chemistries/materials, water conservation, greenhouse gas (GHG) abatement, and the like.
Finalists will present in front of a panel of esteemed investor judges – institutional investors such as Bay Bridge Ventures, Emerald Tech Ventures, Impact Science Ventures, and Playground Global, as well as corporate VCs from Micron Ventures, M Ventures, and Lam Capital. It promises to be a great opportunity to get increased visibility within the semiconductor ecosystem. The winning team will be offered a $250,000 SAFE investment from Lam Capital.
We hope you’ll spread the word. If you are interested in participating in this event, please visit the Lam Capital Venture Competition website and fill out a simple application. Applications are due by Friday, September 16, 2022.
This article contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statements that are not statements of historical fact, including statements regarding our goal for net zero emissions, our climate action, our ability to lessen the environmental impact of our tools, our role in accelerating new technologies and solutions, and the ability of those technologies and solutions to contribute to positive change and progress. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations expressed, including the risks and uncertainties described in our filings with the U.S. Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K and quarterly reports on Form 10-Q. You should not place undue reliance on forward-looking statements. We undertake no obligation to update any forward-looking statements.