Investor Presentaiton

Investing to capitalize on long-term opportunities Tremendous vectors of growth ahead for the semiconductor industry and for Lam + Scaling and complexity challenges are driving inflections toward 3D architectures leading to greater etch and deposition intensity + Lam is committed to making strategic investments to position for outperformance as industry and markets grow + Laying the groundwork for greater scale and efficiency in our global operations + Increasing R&D efforts to extend differentiation and expand our product portfolio to capture new applications LAM RESEARCH

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