Lam Research Spearheads India's Semiconductor Supply Chain Ecosystem
Lam Research Corp has revealed intentions to broaden its worldwide semiconductor fabrication equipment supply chain by incorporating India. The company is evaluating capabilities in different supply chain segments and investigating potential collaborations with Indian-based suppliers to meet the demand for precision components, custom parts, high-purity gas delivery systems, and other assemblies essential for advanced semiconductor wafer fabrication equipment.
Experts anticipate that the global semiconductor industry will reach $1 trillion in annual revenue by the end of this decade. Lam Research remains dedicated to cultivating a robust, adaptable, and geographically varied supply chain to meet present and future demands. This declaration is a component of Lam's continual endeavors to fortify its supply chain resilience by strategically extending its presence in the region.
With the rising demand for semiconductors, collaboration and global involvement in expertise, intellectual property, materials, and talent become increasingly crucial. Lam employs a 'close to customer' approach, fostering collaboration with numerous suppliers worldwide. This strategy enhances resilience against region-specific supply chain challenges and mitigates supply bottlenecks. With over two decades of operation in India, Lam leverages its strategic location near Asian customers to its advantage.
“At Lam, we believe that collaborative supply chain relationships are key to fostering innovation and the best service for our customers”, said Karthik Rammohan, group vice president and head of global operations at Lam Research. “Leveraging the infrastructure and talent of our India Center of Engineering, our new proactive initiative to drive supply chain growth in India also has the capacity to contribute to improved performance, sustainability, and enhanced capabilities for our customers regionally and across Asia”.
“We are proud to be expanding our supply chain in India”, said Rangesh Raghavan, corporate vice president and general manager at Lam Research India. “By enhancing Lam’s strong global supply infrastructure with capabilities from local suppliers, integrators and other strategic providers, we look to enhance the flexibility of our supply chain, while further supporting the semiconductor ecosystem in India, where Lam has been a proud leader for more than two decades”. Lam invites interested suppliers to visit its booth at the SEMICON India 2024 tradeshow to be held in Noida.