Lam Research Announces New Technology Center in Gyeonggi-do, South Korea
September 27 2019 - 4:19AM
Business Wire
Center to reposition South Korea as a tech
powerhouse
Korean government officials from the Gyeonggi-do province and
executives at Lam Research Corporation (Nasdaq: LRCX), a global
supplier of innovative wafer fabrication equipment and services to
the semiconductor industry, both signed a memo of understanding
(MOU) to establish the Korea Technology Center (KTC), a research
and development facility with a focus on key equipment for
semiconductor manufacturing processes.
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Gov. Lee and Timothy M. Archer, president
of Lam Research (Photo: Business Wire)
The initial investment of $50 million from Lam Research will
provide engineers with premium equipment for semiconductor
manufacturing processes. The KTC will join Samsung Electronics,
located in the cities of Giheung, Hwaseong, and Pyoengtaek and SK
Hynix, located in Icheon and Yongin are all in the Gyeonggi-do
province and the addition of the KTC will help form the world’s
largest semiconductor cluster.
“The success of Lam Research in Gyeonggi-do is a success for our
business and economy, and it’s a great help for our citizens.
Therefore, I will organize a ‘dedicated department’ to do our best
to support them. They will experience the promptness of the
Gyeonggi-do administration. I hope for the success of Lam Research
for the local economy of Gyeonggi-do,” said Gyeonggi-do Gov. Lee
Jae-myung.
Their new technology center will create over 300 new engineering
jobs while providing a localized space to support necessary
equipment.
“One of the biggest issues in the Korean economy is speeding up
the localization of equipment and materials. In this respect, Lam
Research’s investment decision will be greatly welcomed by not only
Gyeonggi-do but also from all of Korea. I hope we can host
manufacturing facilities in addition to the Korea Technology Center
in the near future,” said Gov. Lee.
Gyeonggi Gov. Lee Jae-myung and Timothy M. Archer, president of
Lam Research Corporation signed the MOU for the Gyeonggi-do and Lam
Research investment. Inhak Suh, Chairman of Lam Research Korea, and
his team, were among the 20 people who participated.
"This MOU agreement between Lam Research and Gyeonggi-do is part
of our ongoing effort to provide better service to our customers
worldwide," said Timothy M. Archer, Lam Research Corporation
President. "We will be able to shorten the learning cycle for Lam
and provide faster service to our customers by narrowing the
geographic distance between our suppliers and our suppliers'
facilities."
Under this agreement, Lam Research will work to support various
licenses and make efforts to resolve any difficulties that may
arise in order to successfully implement the investment plan. Lam
Research’s global equipment manufacturing facility called Lam
Research Manufacturing Korea, is also based in Osan,
Gyeonggi-do.
About Lam Research
Lam Research Corp. is a global supplier of innovative wafer
fabrication equipment and services to the semiconductor industry.
As a trusted, collaborative partner to the world’s leading
semiconductor companies, we combine superior systems engineering
capability, technology leadership, and unwavering commitment to
customer success to accelerate innovation through enhanced device
performance. In fact, today, nearly every advanced chip is built
with Lam technology. Lam Research (Nasdaq: LRCX) is a FORTUNE 500®
company headquartered in Fremont, Calif., with operations around
the globe. Learn more at www.lamresearch.com.
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Kent Barrett, kbarrett@hoytorg.com The Hoyt Organization,
310-373-0103
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