ENTITY · lam_research
Lam ResearchLRCX
United States·etch·leader·$486.5B mkt cap
Etch leader, critical to 3D NAND and advanced logic patterning.
CLEAR · 0–39
37/100 illustrative
Underwriting Thesis
CLEAR — Lam Research: sole-source / single-point-of-failure dominance compounded by criticality to DoD-exposed downstream programs in etch. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration18
Sole-Source Dependence80
Sanctions Exposure0
Downstream Criticality60
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Segments
etchdepositioncleaning
Shortest paths → DoD-exposed firms
- GlobalFoundries · 1 hop · $1.05BLam Research → GlobalFoundries
- Marvell Technology · 2 hops · $184.3MLam Research → TSMC → Marvell Technology
- Valens Semiconductor · 2 hops · $28.3MLam Research → TSMC → Valens Semiconductor
- Scale AI · 3 hops · $105.6MLam Research → TSMC → NVIDIA → Scale AI
Possible substitutes · same commodity buckets
Chokepoint Relationships
Key Suppliers · upstream · 11
- MKS InstrumentsUnited StatesDOMESTIC
- Advanced EnergyUnited StatesDOMESTIC
- VAT GroupSwitzerlandALLIED
- Comet GroupSwitzerlandALLIED
- HoribaJapanALLIED
- Ultra Clean HoldingsUnited StatesDOMESTIC
- Ichor HoldingsUnited StatesDOMESTIC
- Brooks AutomationUnited StatesDOMESTIC
- FerrotecJapanALLIED
- Pfeiffer VacuumGermanyALLIED
- Atlas CopcoSwedenALLIED
Key Customers · downstream · 8
- TSMCTaiwanCHOKEPOINT
- Samsung ElectronicsSouth KoreaALLIED
- IntelUnited StatesDOMESTIC
- Micron TechnologyUnited StatesDOMESTIC
- SK hynixSouth KoreaALLIED
- CHOKEPOINT
- GlobalFoundriesUnited StatesDOMESTIC
- SMICChinaHostileADVERSARY