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Morningstar•February 19, 2021
Morningstar•February 19, 2021Lam Research Corporation: Lam Research Calls for Monster Wafer Fab Equipment Growth in 2021; Raising FVE to $505
Summary
Lam Research manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and leading-edge logic/foundry chipmakers. Lam's flagship Kiyo, Vector, and Sabre products are sold
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Analyst Profile
Abhinav Davuluri
Sector StrategistAbhinav Davuluri, CFA, is a sector strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers microprocessors, wafer manufacturing equipment, and other companies in the semiconductor space.Before joining Morningstar in 2015, Davuluri spent two years as a process engineer for Intel.Davuluri holds a bachelor’s degree in chemical engineering from the University of Michigan. He also holds the Chartered Financial Analyst® designation.