Press release
Lam Research Announces 2022 ESG Report, Demonstrates Progress Towards Net Zero
FREMONT, Calif. , July 18, 2023 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) today announced that quantifiable progress has been made toward its
About this update from Lam Research Corporation
[{"type":"text","content":"FREMONT, Calif. , July 18, 2023 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) today announced that quantifiable progress has been made toward its environmental, social and governance (ESG) goals with the release of its 2022 ESG report. \n\n \n \n \n \n \n \n\n \n\"Semiconductors continue to play a critical role in shaping our future, but greater opportunity also means greater responsibility,\" said Tim Archer, president and chief executive officer of Lam Research. \"As we continue to innovate the next generation of technology breakthroughs, we must do so while considering the long-term sustainability of our industry and our planet.\"\nLam's global ESG program is rigorous, transparent, and aligned with best-in-class practices. The ninth annual report illustrates the data and stories behind Lam's 2022 ESG accomplishments, which include becoming the first U.S.-based semiconductor equipment manufacturer to have its near-term emissions reduction targets approved by the Science Based Targets initiative.1\nLam's continued progress toward its ESG goals included exceeding its 2025 goals for water savings as well as surpassing its 2025 goal for employee volunteer hours, prompting the company to update its goals for both areas.\nPromoting Future InnovationLam sponsors and participates in numerous industry and university events which collectively address the semiconductor industry's most pressing challenges. Its 2022 technical symposium event brought together industry and academia experts to share and discover leading-edge technologies aimed at advancing environmental sustainability for semiconductor fabrication. In addition, Lam's venture group, Lam Capital, hosted a start-up pitch competition during the event and offered the winning team – xLight – a $250,000 investment. xLight is developing an energy-efficient technology for photolithography.\nSupporting a STEM Talent Pipeline To increase its impact on the development of a strong pipeline of STEM talent, Lam pledged to donate $10 million to the nonprofit FIRST® Global to help bring science and technology education to youth around the globe. With this relationship, Lam is helping to create opportunities for continuous discoveries and inspire the next generation of innovators.\nIncreasing Industry CollaborationLam's efforts to build a responsible and sustainable semiconductor ecosystem...