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Appendix

Performance Summary

Data as of 12/31/2021.

Performance Area 2021 YOY Change 2020 2019
Business and Governance
Performance Area: Number of full-time employees (Approximate) 2021: 16,300 YOY Change: 33% 2020: 12,228 2019: 10,750
Performance Area: Revenue1 2021: $14.6 YOY Change: 46% 2020: $10.0B 2019: $9.7B
Performance Area: R&D spend (as percentage of operating expenses) 2021: $1.5B (64%) YOY Change: 19% 2020: $1.3B (63%) 2019: $1.2B (63%)
Products and Customers
Performance Area: Total number of installed base chambers (Approximate) 2021: 75,000 YOY Change: 14% 2020: 66,000 2019: 61,000
Workplace
Gender Representation
Performance Area: Percent of employee population identifying as female (Global) 2021: 19.5% YOY Change: 5% 2020: 18.6% 2019: 17.7%
Performance Area: Percent of employee population identifying as female (U.S) 2021: 22.0% YOY Change: 3% 2020: 21.3% 2019: 20.4%
Performance Area: Percent of new hires identifying as female (Global) 2021: 21.8% YOY Change: -9% 2020: 23.9% 2019: N/A
U.S. Ethnicity
Performance Area: White 2021: 50.5% YOY Change: —% 2020: 50.5% 2019: 51.4%
Performance Area: Asian 2021: 30% YOY Change: -3% 2020: 30.9% 2019: 30.8%
Performance Area: Hispanic or Latinx 2021: 7.0% YOY Change: 6% 2020: 6.6% 2019: 6.1%
Performance Area: Two or more races 2021: 2.9% YOY Change: 30% 2020: 2.2% 2019: 1.9%
Performance Area: Black or African American 2021: 2.6% YOY Change: 24% 2020: 2.1% 2019: 1.9%
Performance Area: Native Hawaiian or other Pacific Islander 2021: 0.7% YOY Change: 30% 2020: 0.5% 2019: 0.5%
Performance Area: American Indian or Native Alaskan 2021: 0.4% YOY Change: 43% 2020: 0.3% 2019: 0.3%
Performance Area: Not stated 2021: 5.9% YOY Change: -15% 2020: 6.9% 2019: 7.1%
Employee Engagement, Recruitment, and Retention
Performance Area: Employee engagement score (Tech sector benchmark 74) 2021: 80 YOY Change: —% 2020: 80 2019: new
Performance Area: Total new hires (Global) 2021: 4,507 YOY Change: 54% 2020: 2067 2019: 712
Performance Area: Number of internal promotions 2021: 1,936 YOY Change: 16% 2020: 1,626 2019: 1,370
Performance Area: Total number of training courses 2021: 4,548 YOY Change: -3% 2020: 4,700 2019: 3,042
Performance Area: Education reimbursement for U.S. employees 2021: $1.98M YOY Change: 20% 2020: $1.65M 2019: $1.36M
Performance Area: Employee retention rate 2021: 93% YOY Change: -2% 2020: 95% 2019: 91%
Performance Area: Average service years 2021: 6.5 YOY Change: -16% 2020: 7.7 2019: 8
Safety
Performance Area: Recordable injury rate 2021: 0.40 YOY Change: 60% 2020: 0.26 2019: 0.34
Performance Area: Risk Management by Walking Around (RMBWA) reviews 2021: 206,000 YOY Change: 20% 2020: 172,050 2019: 200,000
Responsible Supply Chain
Performance Area: Total number of supplier families 2021: 1,450 YOY Change: -1% 2020: 1,459 2019: --
Performance Area: Percent of spending on local suppliers (N. America) 2021: 66% YOY Change: 34% 2020: 49% 2019: --
Performance Area: Total number of diverse suppliers 2021: 25 YOY Change: —% 2020: 25 2019: 4
Performance Area: Total spending on diverse suppliers 2021: $113M YOY Change: 49% 2020: $76M 2019: $34M
Sustainable Operations
Energy and Climate
Performance Area: Energy consumption (Million kWh) 2021: 402 YOY Change: 14% 2020: 352 2019: 330
Performance Area: Percent renewables (U.S.) 2021: 54% YOY Change: 80% 2020: 30% 2019: 32%
Performance Area: GHG emissions Scopes 1 and 2 market-based (MTCO2e) 2021: 107,185 YOY Change: -7% 2020: 114,672 2019: 118,458
Performance Area: Scope 1 emissions (MTCO2e) 2021: 50,664 YOY Change: 31% 2020: 38,788 2019: 36,162
Performance Area: Scope 2 emissions location-based (MTCO2e) 2021: 109,627 YOY Change: 26% 2020: 87,170 2019: 83,513
Performance Area: Scope 2 emissions market-based (MTCO2e) 2021: 56,521 YOY Change: -26% 2020: 75,884 2019: 82,296
Performance Area: GHG emissions Scope 3 (MTCO2e) 2021: 6.7M YOY Change: N/A 2020: N/A 2019: 4.9M
Performance Area: Volatile organic compounds (Metric tons) 2021: 148 YOY Change: 36% 2020: 109 2019: 26
Waste
Performance Area: Hazardous waste recycling rate 2021: 24% YOY Change: 6% 2020: 22.4% 2019: 30.4%
Performance Area: Non-hazardous waste recycling rate 2021: 71% YOY Change: 1% 2020: 70% 2019: 55%
Water
Performance Area: Water usage (Million gallons) 2021: 378 YOY Change: 29% 2020: 292 2019: 276
Performance Area: Water usage in water-stressed regions (Million gallons) 2021: 144 YOY Change: 27% 2020: 114 2019: 112
Performance Area: Ultra-pure water usage (Million gallons) 2021: 111 YOY Change: -8% 2020: 120 2019: 80
Performance Area: Number of environmental fines 2021: 3 YOY Change: 50% 2020: 2 2019: 0
Community
Performance Area: Total giving by the Lam Research Foundation 2021: $5.1M YOY Change: 42% 2020: $3.6M 2019: $3.4M
Performance Area: COVID-19 Relief and Recovery Fund giving 2021: $1.7M YOY Change: -67% 2020: $5.1M 2019: --
Performance Area: Employee volunteer hours 2021: 12,781 YOY Change: 7% 2020: 11,993 2019: 13,400
Performance Area: Employee matching gifts 2021: $1.1M YOY Change: -35% 2020: $1.7M 2019: $971K
Performance Area: Number of charity organizations supported 2021: 1,552 YOY Change: -5% 2020: 1,640 2019: 1,936

GRI

GRI Standard Disclosure Response, Page, or Link.
102 - General Disclosures
GRI Standard Disclosure: 102-1 Name of the Organization Response, Page, or Link: Lam Research Corporation
GRI Standard Disclosure: 102-2 Activities, brands, products, and services Response, Page, or Link:
GRI Standard Disclosure: 102-3 Location of headquarters Response, Page, or Link: Fremont, California, USA
GRI Standard Disclosure: 102-4 Location of operations Response, Page, or Link:
  • Introduction
  • Country locations: United States, China, Korea, Austria, India, Japan, Malaysia, Singapore, Taiwan, Belgium, France, Germany, Ireland, Israel, Italy, Switzerland, The Netherlands, United Kingdom.
  • For additional information: https://www.lamresearch.com/company/locations/
GRI Standard Disclosure: 102-5 Ownership and legal form Response, Page, or Link: The company's stock is publicly traded on the Nasdaq Global Select Market under the symbol LRCX.
GRI Standard Disclosure: 102-6 Markets served Response, Page, or Link: Lam Research is a trusted, collaborative partner to the world’s leading semiconductor companies.
GRI Standard Disclosure: 102-7 Scale of the organization Response, Page, or Link:
  • Introduction
  • 2021 10-K, Consolidated Statements of Operations, p. 41
GRI Standard Disclosure: 102-8 Information on employees and other workers Response, Page, or Link:
  • Workplace - U.S. gender and ethnicity
  • Appendix - 2021 Performance Summary
  • 2021 10-K, Human Capital, p. 10
GRI Standard Disclosure: 102-9 Supply chain Response, Page, or Link: Responsible Supply Chain
GRI Standard Disclosure: 102-10 Significant changes to the organization and its supply chain Response, Page, or Link: Significant changes include: opening new manufacturing facilities in Bayan Lapas, Malaysia and Sherwood, Oregon.
GRI Standard Disclosure: 102-11 Precautionary Principle or approach Response, Page, or Link: Lam affirms Principle 15 of the 1992 Rio Declaration that states, “...where there are threats of serious or irreversible damage, lack of full scientific certainty shall not be used as a reason for postponing cost-effective measures to prevent environmental degradation.”
GRI Standard Disclosure: 102-12 External initiatives Response, Page, or Link:
  • United Nations Sustainable Development Goals
  • Taskforce for Climate-related Financial Disclosure
  • Science-Based Targets Initiative
  • CEO Action for Diversity and Inclusion Pledge
  • Alliance for Global Inclusion
  • Conference for Engineering Diversity
  • DEI Board
  • Anita B.org
  • Human Rights Campaign Foundation Corporate Equality Index
  • Responsible Minerals Initiative, Responsible Labor Initiative
GRI Standard Disclosure: 102-13 Membership of associations Response, Page, or Link: East Bay Foundation, National Association of Manufacturers, Responsible Business Alliance, SEMI, Semiconductor Industry Association, Silicon Valley Community Foundation, and Watermark, US-India Strategic Partnership, Inc., US-Korea Business Council, US-Taiwan Business Council, US-China Business Council, Silicon Valley Leadership Group,
GRI Standard Disclosure: 102-14 Statement from senior decision-maker Response, Page, or Link: Introduction - A message from our CEO
GRI Standard Disclosure: 102-15 Key impacts, risks, and opportunities Response, Page, or Link:
  • Business and Governance
  • Sustainable Operations - Assessing climate risk
  • Refer to the Risk Factors disclosed in our public filings with the Securities and Exchange Commission
GRI Standard Disclosure: 102-16 Values, principles, standards, and norms of behavior Response, Page, or Link:
  • Business and Governance - Our Values
  • Global Standards of Business Conduct
  • Global Supplier Code of Conduct
  • Code of Ethics
GRI Standard Disclosure: 102-17 Mechanisms for advice and concerns about ethics Response, Page, or Link: Business and Governance - Conducting business with integrity - Investigations - Ethics Helpline
GRI Standard Disclosure: 102-18 Governance structure Response, Page, or Link:
GRI Standard Disclosure: 102-19 Delegating authority Response, Page, or Link:
  • Business and Governance - Lam’s ESG governance structure & primary responsibilities
  • Proxy Statement 2021 - pp. 18-19
GRI Standard Disclosure: 102-20 Executive-level responsibility for economic, environmental, and social topics Response, Page, or Link: Corporate Vice President of Corporate Communications
GRI Standard Disclosure: 102-21 Consulting stakeholders on economic, environmental, and social topics Response, Page, or Link: Business and Governance - How We Engage Our Stakeholders
GRI Standard Disclosure: 102-22 Composition of the highest governance body and its committees Response, Page, or Link:
GRI Standard Disclosure: 102-23 Chair of the highest governance body Response, Page, or Link: The Chairman of the Board is an Independent Director
GRI Standard Disclosure: 102-24 Nominating and selecting the highest governance body Response, Page, or Link: Proxy Statement 2021 - pp. 3, 4, 10-12, 57, 67-70
GRI Standard Disclosure: 102-25 Conflicts of interest Response, Page, or Link: Proxy Statement 2021 - pp. 7, 9, 14, 29, 56
GRI Standard Disclosure: 102-26 Role of highest governance body in setting purpose, values, and strategy Response, Page, or Link: Business and Governance - Leading with an ESG lens
GRI Standard Disclosure: 102-27 Collective knowledge of highest governance body Response, Page, or Link: Proxy Statement 2021 - p. 11
GRI Standard Disclosure: 102-28 Evaluating the highest governance body’s performance Response, Page, or Link: Proxy Statement 2021 - p. 10
GRI Standard Disclosure: 102-29 Identifying and managing economic, environmental, and social impacts Response, Page, or Link: Business and Governance - Leading with an ESG lens
GRI Standard Disclosure: 102-30 Effectiveness of risk management processes Response, Page, or Link:
  • Business and Governance - Risk Management
  • Proxy Statement 2021 - pp. 14-16, 18
GRI Standard Disclosure: 102-31 Review of economic, environmental, and social topics Response, Page, or Link: Business and Governance - Leading with an ESG lens
GRI Standard Disclosure: 102-32 Highest governance body’s role in sustainability reporting Response, Page, or Link:
  • Business and Governance - Leading with an ESG lens
  • Proxy Statement 2021 - pp. 18-19
GRI Standard Disclosure: 102-33 Communicating critical concerns Response, Page, or Link: Critical concerns are elevated to the Board of the Directors by the executive management team.
GRI Standard Disclosure: 102-35 Remuneration policies Response, Page, or Link: Proxy Statement 2021 - pp. 19-51
GRI Standard Disclosure: 102-36 Process for determining remuneration Response, Page, or Link: Proxy Statement 2021 - pp. 19-51
GRI Standard Disclosure: 102-37 Stakeholders’ involvement in remuneration Response, Page, or Link: Proxy Statement 2021 - pp. 16-17, 27-28
GRI Standard Disclosure: 102-38 Annual total compensation ratio Response, Page, or Link: Proxy Statement 2021 - p. 52
GRI Standard Disclosure: 102-39 Percentage increase in annual total compensation ratio Response, Page, or Link: Proxy Statement 2021 - p. 52, Proxy Statement 2020 - p. 50
GRI Standard Disclosure: 102-40 List of stakeholder groups Response, Page, or Link: Business and Governance - How We Engage Our Stakeholders
GRI Standard Disclosure: 102-41 Collective bargaining agreements Response, Page, or Link: No collective bargaining agreements
GRI Standard Disclosure: 102-42 Identifying and selecting stakeholders Response, Page, or Link: Business and Governance - How We Engage Our Stakeholders
GRI Standard Disclosure: 102-43 Approach to stakeholder engagement Response, Page, or Link:
  • Business and Governance - How We Engage Our Stakeholders
  • Creating an inclusive world involves valuing all perspectives and seeking insight from a variety of stakeholders. We regularly engage our key stakeholders in a spirit of collaboration and trust, seeking their feedback on ESG issues, and considering their perspectives when developing and managing our ESG objectives. Our engagement with stockholders on ESG topics continues to grow. It is a standard agenda item for our top stockholder meetings and in 2021, we met with 19 stockholders holding approximately 35% of our shares outstanding.
GRI Standard Disclosure: 102-44 Key topics and concerns raised Response, Page, or Link: Business and Governance - How We Engage Our Stakeholders
GRI Standard Disclosure: 102-45 Entities included in the consolidated financial statements Response, Page, or Link: 2021 10-K, Exhibit 21
GRI Standard Disclosure: 102-46 Defining report content and topic Boundaries Response, Page, or Link: Business and Governance - Making an impact where it matters most
GRI Standard Disclosure: 102-47 List of material topics Response, Page, or Link: Business and Governance - Making an impact where it matters most
GRI Standard Disclosure: 102-48 Restatements of information Response, Page, or Link:
  • 2020 Scope 3 upstream emissions increased from 1,327,895 MTCO2e to 1,329,984 MTCO2e due to updated methodology in calculating our CO2e emission from business travel.
  • 2020 Scope 3 downstream emissions increased from 1,543,485 MTCO2e to 3,573,051 MTCO2e due to an updated dataset and methodology. We re-evaluated the electricity usage of a subset of our products and revised the average lifetime per product from eight years to 25 years.
  • 2019 Scope 3 total emissions increased from 2.9M to 4.9M.
  • 2020 Scope 1 emissions changed from 37,599 MTCO2e to 38,788 MTCO2e due to additional GHG usage from our manufacturing facility that was not previously accounted.
  • 2020 total VOC emission changed from 107 metric tons to 109 metric tons based on updated solvent usage from one of our R&D facilities.
  • OSHA total recordable injury rate: 2018 - 0.29 to 0.33, 2019 - 0.33 to 0.34, 2020 - 0.25 to 0.26. Changes reflect data that was updated past the time of publication.
GRI Standard Disclosure: 102-49 Changes in reporting Response, Page, or Link: No changes in reporting.
GRI Standard Disclosure: 102-50 Reporting period Response, Page, or Link: January 1, 2021 - December 31, 2021
GRI Standard Disclosure: 102-51 Date of most recent report Response, Page, or Link: June 2021
GRI Standard Disclosure: 102-52 Reporting cycle Response, Page, or Link: Annual
GRI Standard Disclosure: 102-53 Contact point for questions regarding the report Response, Page, or Link: esg@lamresearch.com
GRI Standard Disclosure: 102-54 Claims of reporting in accordance with the GRI Standards Response, Page, or Link: This report has been prepared in accordance with the GRI Standards: Core option.
GRI Standard Disclosure: 102-55 GRI content index Response, Page, or Link: Yes. The GRI content index meets reporting requirements.
GRI Standard Disclosure: 102-56 External assurance Response, Page, or Link: Environmental data is externally assured, with the exception of scope 3 emissions.
Economy
201 - Economic Performance
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance
  • 2021 10-K, Consolidated Statements of Operations, p. 41
GRI Standard Disclosure: 201-1 Direct economic value generated and distributed Response, Page, or Link:
  • Business and Governance
  • 2021 10-K, Consolidated Statements of Operations, p. 41
GRI Standard Disclosure: 201-2 Financial implications and other risks and opportunities due to climate change Response, Page, or Link:
  • Business and Governance - Leading with an ESG lens
  • Sustainable Operations - Decarbonizing the world, together
  • Appendix - TCFD Response
  • 2021 10-K: pp. 16, 18, 21
GRI Standard Disclosure: 201-3 Defined benefit plan obligations and other retirement plans Response, Page, or Link:
  • 2021 10-K: p. 70
  • We offer a competitive 401(k) benefit matching 50% of regular pre-tax contributions and/or regular Roth contributions on the first 6% of eligible pay that employees contribute to the plan. In 2021, 99% of our eligible employees received bonuses.
  • Stock awards are offered to senior and other selected employees. In 2021, 75% of our employees chose to invest in Lam through our employee stock purchase plan (ESPP). Eligible employees who work 20 hours or more per week may contribute up to 15% of their earnings to the ESPP (subject to statutory limits) and are eligible to purchase shares at a discount of at least 15%.
203 - Indirect Economic Impact
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link: Business and Governance - Making an impact where it matters most
GRI Standard Disclosure: 203-2 Significant indirect economic impacts Response, Page, or Link: Communities
205 - Anti-Corruption
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Conducting Business with Integrity
  • Global Standards of Business Conduct
  • Global Supplier Code of Conduct
  • Code of Ethics
GRI Standard Disclosure: 205-2 Communication and training about anti-corruption policies and procedures Response, Page, or Link: Business and Governance
206 - Anti-Competitive Behavior
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Conducting Business with Integrity
  • Global Standards of Business Conduct
  • Global Supplier Code of Conduct
GRI Standard Disclosure: 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices Response, Page, or Link: No legal actions and $0 losses as a result of anti-competitive behavior, anti-trust, and monopoly practices.
207 - Tax
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Global taxation
  • 2021 10-K - pp. 8-9, 20, 41, 48, 55
  • United Kingdom Tax Strategy
GRI Standard Disclosure: 207-4 Country-by-country reporting Response, Page, or Link: Lam Research does not provide country-by-country reporting on taxes, see 10-K references for overall reporting on taxes.
Environment
302 - Energy
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Sustainable Operations
  • Responsible Supply Chain - Our focus on supplier environmental performance
  • 2021 CDP Response
GRI Standard Disclosure: 302-1 Energy consumption within the organization Response, Page, or Link: Sustainable Operations - 2021 energy use by type
GRI Standard Disclosure: 302-3 Energy intensity
GRI Standard Disclosure: 302-4 Reduction of energy consumption Response, Page, or Link:
  • Sustainable Operations
  • Responsible Supply Chain - Our focus on supplier environmental performance
GRI Standard Disclosure: 302 -5 Reduction in energy requirements of products and services Response, Page, or Link: Product - Sustainability drives product innovation
303 - Water and Effluents
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Sustainable Operations
  • 2021 CDP Water Security
GRI Standard Disclosure: 303-1 Interactions with water as a shared resource Response, Page, or Link: Sustainable Operations - Protecting people and the environment from chemical risks
GRI Standard Disclosure: 303-2 Management of water discharge-related impacts Response, Page, or Link: Sustainable Operations - Protecting people and the environment from chemical risks, Wastewater: being a good steward
GRI Standard Disclosure: 303-3 Water withdrawal Response, Page, or Link: Sustainable Operations - Water use, treatment and reclamation
GRI Standard Disclosure: 303-4 Water discharge Response, Page, or Link: Sustainable Operations - Water use, treatment and reclamation
GRI Standard Disclosure: 303-5 Water consumption Response, Page, or Link: Sustainable Operations - Water use, treatment and reclamation
305 - Emissions
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Sustainable Operations
  • Responsible Supply Chain - Our focus on supplier environmental performance
  • 2021 CDP Response
GRI Standard Disclosure: 305-1 Direct (Scope 1) GHG emissions Response, Page, or Link: Sustainable Operations - On the path to zero
GRI Standard Disclosure: 305-2 Energy indirect (Scope 2) GHG emissions Response, Page, or Link: Sustainable Operations - On the path to zero
GRI Standard Disclosure: 305-3 Other indirect (Scope 3) GHG emissions Response, Page, or Link: Sustainable Operations - On the path to zero
GRI Standard Disclosure: 305-4 GHG emissions intensity Response, Page, or Link: Sustainable Operations - On the path to zero
GRI Standard Disclosure: 305-5 Reduction of GHG emissions Response, Page, or Link: Sustainable Operations
306 - Waste
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Sustainable Operations
GRI Standard Disclosure: 306-1 Waste generation and significant waste-related impacts Response, Page, or Link: Sustainable Operations - Making the most of every material
GRI Standard Disclosure: 306-2 Management of significant waste-related impacts Response, Page, or Link: Sustainable Operations - Making the most of every material
GRI Standard Disclosure: 306-3 Waste generated Response, Page, or Link: Sustainable Operations - Making the most of every material
GRI Standard Disclosure: 306-4 Waste diverted from disposal Response, Page, or Link: Sustainable Operations - Making the most of every material
GRI Standard Disclosure: 306-5 Waste directed to disposal Response, Page, or Link: Sustainable Operations - Making the most of every material
307 - Environmental Compliance
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance
  • Product
  • Sustainable Operations
  • Responsible Supply Chain
  • As of December 31, 2021, all Lam manufacturing and laboratory sites, with the exception of two recently opened or acquired sites, had been externally certified to be compliant with ISO International Organization for Standardization (ISO) 14001 certified, the recognized global standard for environmental management systems. We have two levels of environmental review:
  • * The corporate EHS team conducts regular assessments and audits of business risks, standards conformance, regulatory compliance, and management system effectiveness across Lam’s locations world-wide
  • * Our executive management reviews the findings of these assessments and audits and ensures non-conformances are adequately addressed A significant environmental aspect of our operations is chemical management, and we take all appropriate measures to keep our chemical operations safe and legally compliant. Our integrated inventory system connects real-time inventory to procurement, usage conditions, and regulatory reporting for our chemical users, handlers, and planners. We use this system to continuously identify and implement safety controls and report the use and treatment of chemicals in accordance with government regulations.
GRI Standard Disclosure: 307-1 Non-compliance with environmental laws and regulations Response, Page, or Link: The global Lam sites had 25 regulatory agency inspections, including 18 health and safety inspections, and 7 environmental-related inspections. We received 3 environmental Notice of Violations (NOVs) and paid $2,900 in total fines.
308 - Supplier Environmental Assessment
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
GRI Standard Disclosure: 308-1 New suppliers that were screened using environmental criteria Response, Page, or Link:
  • Responsible Supply Chain
  • We expect our suppliers to make every effort to reduce impact on the environment by meeting standards established by applicable environmental legislation.
Social
103 - Management Approach to Social Topics
401 - Employment
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Workplace
GRI Standard Disclosure: 401-1 New employee hires and employee turnover Response, Page, or Link: Appendix - Performance summary
GRI Standard Disclosure: 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees Response, Page, or Link: Workplace - Looking out for our employees’ well being
403 - Occupational Health and Safety
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Workplace - Committed to safety
GRI Standard Disclosure: 403-1 Occupational health and safety management system Response, Page, or Link: Workplace - Committed to safety
GRI Standard Disclosure: 403-3 Occupational health services Response, Page, or Link: Workplace - Committed to safety
GRI Standard Disclosure: 403-4 Worker participation, consultation, and communication on occupational health and safety Response, Page, or Link: Workplace - Committed to safety
GRI Standard Disclosure: 403-5 Worker training on occupational health and safety Response, Page, or Link: Workplace - Committed to safety
GRI Standard Disclosure: 403-6 Promotion of worker health Response, Page, or Link: Workplace - Employee benefits
GRI Standard Disclosure: 403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships Response, Page, or Link: Workplace - Committed to safety
GRI Standard Disclosure: 403-9 Work-related injuries Response, Page, or Link: Workplace - Total recordable injury rate
404 - Training and Education
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Workplace - Focusing on employee development
GRI Standard Disclosure: 404-1 Average hours of training per year per employee Response, Page, or Link: Average hours of training per employee: 28 hours
GRI Standard Disclosure: 404-2 Programs for upgrading employee skills and transition assistance programs Response, Page, or Link: Workplace - Focusing on employee development
405 - Diversity and Equal Opportunity
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most, Leading with an ESG lens
  • Workplace - Moving the needle on I&D
  • Corporate Governance Guidelines
GRI Standard Disclosure: 405-1 Diversity of governance bodies and employees Response, Page, or Link: Workplace - Global gender representation, 2021 workforce representation https://www.lamresearch.com/company/company-overview/#board-of-directors
407 - Freedom of Association and Collective Bargaining
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Responsible Supply Chain - Acting with intention to uphold human rights
  • Global Employment Practices Statement
GRI Standard Disclosure: 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk Response, Page, or Link: Lam is not aware of any operations or major direct suppliers in which right to freedom of association and collective bargaining (to the extent permitted under local laws) was at risk in 2021.
408 - Child Labor
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Responsible Supply Chain - Acting with intention to uphold human rights, How we evaluate suppliers
  • Global Supplier Code of Conduct
GRI Standard Disclosure: 408-1 Operations and suppliers at significant risk for incidents of child labor Response, Page, or Link: Lam is not aware of any operations or major direct suppliers that were at significant risk for incidents of child labor in 2021.
409 - Forced or Compulsory Labor
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Responsible Supply Chain - Acting with intention to uphold human rights, How we evaluate suppliers
  • Global Supplier Code of Conduct
GRI Standard Disclosure: 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor Response, Page, or Link: Lam is not aware of any operations or major direct suppliers that were at significant risk for incidents of forced or compulsory labor in 2021. Lam respects human rights and is committed to adhering to humane business practices wherever the company does business, including complying with laws such as the UK Modern Slavery Act of 2015 and the California Transparency in Supply Chains Act of 2010.
412 - Human Rights Assessment
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
GRI Standard Disclosure: 412-1 Operations that have been subject to human rights reviews or impact assessments Response, Page, or Link:
  • Responsible Supply Chain - Acting with intention to uphold human rights, How we evaluate suppliers
  • Global Supplier Code of Conduct
  • Our anti-slavery, child labor, and human trafficking due diligence includes compliance with the Countering America’s Adversaries Through Sanctions Act (CAATSA), which focuses on the prevention of North Korean forced labor. As part of our supplier engagement, we require suppliers complete a self-assessment survey that supports our risk assessment process. We evaluate our top 100 suppliers with operations in high risk regions for human trafficking.
  • Since 2012, we conduct annual due diligence of our suppliers to determine the sources of any conflict minerals that may be contained in our products. We updated our conflict minerals due diligence program to include responsible sourcing of cobalt in 2019.
GRI Standard Disclosure: 412-2 Employee training on human rights policies or procedures Response, Page, or Link: Responsible Supply Chain - Acting with intention to uphold human rights
GRI Standard Disclosure: 412-3 Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening Response, Page, or Link:
  • Responsible Supply Chain - Acting with intention to uphold human rights, How we evaluate suppliers
  • Lam endeavors to include human rights provisions in contracts with its suppliers, as appropriate
413 - Local Communities
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Community
GRI Standard Disclosure: 413-1 Operations with local community engagement, impact assessments, and development programs Response, Page, or Link: Community
414 - Suppler Social Assessment
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Responsible Supply Chain - Acting with intention to uphold human rights, How we evaluate suppliers
GRI Standard Disclosure: 414-1 New suppliers that were screened using social criteria Response, Page, or Link:
  • Responsible Supply Chain - Acting with intention to uphold human rights, How we evaluate suppliers
  • Lam values a diverse supply chain and is committed to selecting diverse suppliers that offer goods and services that meet our company’s standards, supplier selection criteria, and customer requirements. Promoting a diverse supplier base is a priority for Lam, and we support a number of industry and customer initiatives around supplier diversity. Diversity is also included in our supplier scorecard, and we track and report spending with diverse direct material suppliers on a quarterly basis. We are using this data to facilitate a cross-functional approach to supplier diversity.
  • We are a member of the SEMI (formerly Semiconductor Equipment and Materials International) Manufacturing Ownership Diversity Task Force that promotes and shares best practices for manufacturing ownership diversity (more commonly known as “supplier diversity.”)"
415 - Public Policy
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link: Business and Governance - Government Affairs
GRI Standard Disclosure: 415-1 Political contributions Response, Page, or Link:
416 - Customer Health and Safety
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link:
  • Business and Governance - Making an impact where it matters most
  • Product - Leading product safety in our industry
GRI Standard Disclosure: 416-1 Assessment of the health and safety impacts of product and service categories Response, Page, or Link: Product - Leading product safety in our industry
418 - Customer Privacy
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link: Business and Governance - Protecting data and intellectual property
GRI Standard Disclosure: 418-1 Substantiated complaints regarding concerning breaches of customer privacy and losses of customer data Response, Page, or Link:
  • Business and Governance - Protecting data and intellectual property
  • In 2021, we did not experience any cyber incidents that resulted in a material adverse effect, nor any losses or breaches of customer data that resulted in a material adverse effect.
419 - Socioeconomic Compliance
GRI Standard Disclosure:
  • 103-1 Explanation of the material topic and its boundary
  • 103-2 The Management approach and its components
  • 103-3 Evaluation of the management approach
Response, Page, or Link: Business and Governance - Making an impact where it matters most
GRI Standard Disclosure: 419-1 Non-compliance with laws and regulations in the social and economic area Response, Page, or Link: 2021 10-K, p. 71

SASB - Technology and communications - Semiconductors

Topic Code Accounting Metric Disclosure
Topic: Activity Metrics Code: TC-SC-000.A: Accounting Metric: Total production Disclosure: Approximately 9,000 chambers
Code: TC-SC-000.B: Accounting Metric: Percentage of production from owned facilities Disclosure: All process modules are assembled, tested, and inspected for quality at Lam facilities.
Topic: GHG Emissions Code: TC-SC-110a.1: Accounting Metric:
  1. Gross global Scope 1 emissions
  2. amount of total emissions from perfluorinated compounds
Disclosure:
  1. 50,6644 MTCO2e
  2. 16,054 MTCO2e
Code: TC-SC-110a.2: Accounting Metric: Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets. Disclosure: Sustainable Operations - Decarbonizing the world, together
Topic: Energy Management Code: TC-SC-130a.1: Accounting Metric:
  1. Total energy consumed
  2. percentage grid electricity
  3. percentage renewable
Disclosure:
  1. 406 million kWh
  2. 99%
  3. 54%
Topic: Water Management Code: TC-SC-140a.1: Accounting Metric:
  1. Total water withdrawn
  2. total consumed percentage of each in regions with water High or Extremely High Baseline Water Stress
Disclosure:
  1. 377 million gallons
  2. 38%
Topic: Waste Management Code: TC-SC-150a.1: Accounting Metric:
  1. Amount of hazardous waste from manufacturing
  2. Percentage recycled"
Disclosure:
  1. 2,208 metric tons
  2. 24%
Topic: Employee Health and Safety Code: TC-SC-320a.1: Accounting Metric: Description of efforts to assess, monitor, and reduce exposure of employees to human health hazards. Disclosure: Workplace - Committed to safety
Code: TC-SC-320a.2: Accounting Metric: Total amount of monetary losses as a result of legal proceedings associated with employee health and safety violations Disclosure: $0
Topic: Recruiting and Managing a Global and Skilled Workforce Code: TC-SC-330a.1: Accounting Metric: Percentage of employees that are: (1) foreign nationals (2) located offshore" Disclosure:
  1. Not disclosed.
  2. Not disclosed.
Lam Research does not believe this is a material metric to our business due to our global footprint. A breakdown of employees by region and other material human capital metrics are available in the Introduction section as well as in Workplace - Moving the needle on I&D.
Topic: Product Lifecycle Management Code: TC-SC-410a.1: Accounting Metric: Percentage of products by revenue that contain IEC 62474 declarable substances Disclosure:
  • Not disclosed.
  • Lam Research discloses information on our strategy and product value chains. We do not believe that percentage of revenue is a material metric to disclose.
Code: TC-SC-410a.2: Accounting Metric: Processor energy efficiency at a system-level for: (1) servers, (2) desktops, and (3) laptops Disclosure: Not Applicable. Lam Research does not manufacture servers, desktops, or laptops.
Topic: Materials Sourcing Code: TC-SC-440a.1 Accounting Metric: Description of the management of risks associated with the use of critical materials Disclosure:
  • Product
  • Supply Chain
Topic: Intellectual Property Protection and Competitive Behavior Code: TC-SC-520a.1: Accounting Metric: Total amount of monetary losses as a result of legal proceedings associated with anticompetitive behavior regulations. Disclosure: $0

TCFD index

Disclosure Focus Area Recommended Disclosure Response Reference
Governance
Disclosure Focus Area: Disclose the organization’s governance around climate-related risks and opportunities. Recommended Disclosure: a) Describe the board’s oversight of climate-related risks and opportunities. Response: Our Board is actively engaged in ESG oversight. The Nominating and Governance Committee has the primary responsibility for our ESG priorities, including reviewing our 2025, 2030, and 2050 climate and energy goals and our 2025 waste and water goals. In 2021, management provided updates to the Board and its committees at least quarterly and engaged them to discuss ESG strategy, gain alignment on goals, and report on progress. The full Board reviews the annual ESG Report before it is published. Reference: CDP Climate Change 2021 C1.1a, C1.1b
Recommended Disclosure: b) Describe management’s role in assessing and managing climate-related risks and opportunities. Response:

We formed a new Executive Steering Committee in 2020 to guide our ESG strategy, approve and support initiatives, and help keep us accountable. The CEO and members of the CEO staff participate on this committee which oversees the work driven by our cross-functional ESG Leadership Team.

In 2021, we formed a new net zero leadership team that is responsible for working with business units to integrate climate considerations into decision-making processes, driving progress on our net zero strategy, and tracking GHG performance on our climate goals. Each of our active working groups has an accountable executive responsible for the activity and progress toward our net zero goal.

Reference:
  • Introduction - Leading with an ESG lens
  • CDP Climate Change 2021 C1.1a, C1.1b, C1.2, C1.2a, C1.3, C1.3a
Strategy
Disclosure Focus Area: Topic: Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning. Recommended Disclosure: a) Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term. Response:

Through a Climate Risk Analysis conducted in conjunction with a third-party, Lam Research has identified a range of potential physical, market/technology and policy/legal risks and opportunities.

Risks:

  • Changing customer expectations
  • Competitors developing lower-impact products
  • Operational disruptions from flooding, natural hazards, rising temperatures, and/or water stress
  • Natural hazards leading to supply chain disruptions and/or preventing access to the operational workplace
  • Regulation of Lam’s direct operations, customer operations, and/or raw materials (e.g., carbon pricing)
  • Reputational impacts from poor performance on external climate-related engagements
  • Water stress impacting major customer operations

Opportunities:

  • Expansion of end-use markets
  • Improving resilience of business operations through asset hardening
  • Operational footprint reduction
  • Reduced resource consumption of sold products

Lam is factoring these potential risks and opportunities into the development of less energy intensive products, capital funding for climate-related operations projects, including energy conservation, and through engaging with suppliers on environmental sustainability opportunities. The physical risks are incorporated into the business continuity planning activities across the company and vary based on site-specific risk profiles.

Reference:
  • Sustainable Operations - Decarbonizing the world, together
  • CDP Climate Change 2021 C2.1a, C2.3, C2.3a, C2.3b, C2.4, C2.4a, C3.1, C3.3, C3.4
Recommended Disclosure: b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. Reference:
  • Sustainable Operations - Decarbonizing the world, together
  • Responsible Supply Chain - Our focus on supplier environmental performance
  • CDP Climate Change 2021 C2.4a, C3.1, C3.3, C3.4
Recommended Disclosure: c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. Response:

Lam has begun to undertake a qualitative scenario analysis with plans to add quantitative in the next two years. To bolster Lam's resilience against the various climate-related scenarios, the company is:

  • Undertaking deeper analysis on the climate risks that may have the potential to impact Lam such as reputational and customer expectation risks, along with potential regulation.
  • Incorporating those risks into our risk management system
  • Developing plans to mitigate those risks over time
  • Setting short-, medium-, and long-term climate goals to mitigate our operational impacts
  • Developing plans to address our carbon impacts across our value chain – including our supply chain, operations, and product use
Reference:
  • Sustainable Operations - Decarbonizing the world, together
  • CDP Climate Change 2021 C3.2, C3.2a
Risk Management
Disclosure Focus Area: Topic: Disclose how the organization identifies, assesses and manages climate-related risks. Recommended Disclosure: a) Describe the organization’s processes for identifying and assessing climate-related risks. Response:

Lam conducted a qualitative climate risk analysis that involved engaging internal stakeholders, conducting research, and applying our internal risk rating system to assess the likelihood and impact of those potential climate risks.

Lam has an established enterprise risk management system, which we aim to utilize to address any identified material climate risks in the future. We also have a robust EH&S risk inventory system and process for evaluating our risks in accordance with our ISO 14001 certification. More details can be found in our CDP disclosure.

Reference:
  • Sustainable Operations - Decarbonizing the world, together
  • CDP Climate Change 2021 C2.
Recommended Disclosure: b) Describe the organization’s processes for managing climate- related risks.
Recommended Disclosure: c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.
Metrics and Targets
Disclosure Focus Area: Topic: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities. Recommended Disclosure: a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. Response: Lam Research monitors several metrics to measure progress toward achieving our 2025, 2030 and 2050 net zero goals including emissions generated and energy consumption metrics. Reference:
  • Sustainable Operations - Decarbonizing the world, together
  • Appendix - Performance Summary
Recommended Disclosure: b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. Response:

Please refer to our reporting on Scope 1, 2, and 3 emissions on page 31 of the Sustainable Operations section.

See Strategy section for emissions-related risks.

Reference:
  • Sustainable Operations - Decarbonizing the world, together
  • Appendix - Performance Summary
Recommended Disclosure: c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. Response:

Targets:

  • Achieve 100% renewable energy globally by 2030
  • Reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions 25% by 2025 and 46% by 2030 from a 2019 baseline
  • Achieve net zero carbon emissions by 2050
  • Achieve 12 million kWh in total energy savings from a 2019 baseline

See Introduction - Achieving our ESG goals for performance against targets.

Reference:
  • Introduction - Achieving our ESG goals
  • Sustainable Operations - Decarbonizing the world, together

Cautionary statement

With the exception of historical facts, the statements contained in this ESG Report (“Report”) are forward-looking statements. Forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Certain, but not all, of the forward-looking statements in this Report are specifically identified as forward-looking by the use of words and phrases such as “aim,” “anticipate,” “aspire,” “believe,” “build,” “commitment,” “continue,” “could,” “expand,” “expect,” “future,” “goal,” “increase,” “intend,” “maintain,” “may,” “objectives,” “opportunities,” “path,” “plan,” “remain,” “should,” “strategy,” “strive,” “target,” “vision,” “will,” and “would.” However, our identification of certain statements as forward-looking does not mean that other statements not specifically identified are not forward-looking. Forward-looking statements include, but are not limited to, statements that relate to: the role of our technology and innovations in the semiconductor industry and the world; our integration of ESG into our operations, workplaces, supply chain, and other activities; our ability to maintain workplace safety; our ESG strategy, approach and goals, including our net zero, energy usage and other climate-rated initiatives and goals, and our ability to show progress against those goals; our investment in ESG initiatives; the benefits of our ESG efforts to us and to our stakeholders; the governance and oversight of our ESG activities; our engagement with stakeholders; risks and opportunities related to climate change and our ability to identify, manage and mitigate risks; our ability to operate in an ethical and compliant manner, to provide an ethical working environment for employees, and to effectively manage ethics and compliance risk; our ability to protect data and intellectual property; our political activities; our technology and the success of our research and development efforts, including our ability to deliver products with increased value, lower environmental impact, enhanced safety or extended product life; the performance, quality and capabilities of our products; our research and development investments and activities and their impacts; our collaborations; the integration of environmental, climate and energy considerations into our manufacturing, R&D and facilities operations; our engagement with suppliers and customers on sustainability initiatives; our inclusion, diversity and equity initiatives; and our ability to promote resilience, ethics, human rights and responsibility in our supply chain. Such statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, significance, value and effect. Some factors that may affect these forward-looking statements include: supply chain disruptions have limited and are expected to continue to limit our ability to meet demand for our products; supply chain cost increases and other inflationary pressures have impacted and are expected to continue to impact our profitability; trade regulations, export controls, trade disputes and other geopolitical tensions may inhibit our ability to sell our products; business, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; the severity, magnitude and duration of the COVID–19 pandemic (and the related governmental, public health, business and community responses to it), and their impacts on our business, results of operations and financial condition, are evolving and are highly uncertain and unpredictable; and widespread outbreaks of illness may impact our operations and revenue in affected areas; as well as the other risks and uncertainties discussed under the headings “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” within Item 1A and at the beginning of Part I, respectively, of our fiscal year 2021 Annual Report on Form 10-K; and other documents we file from time to time with the Securities and Exchange Commission, such as our quarterly reports on Form 10-Q and current reports on Form 8-K. Such risks, uncertainties and changes in condition, significance, value and effect could cause our actual results to differ materially from those expressed in this Report and in ways that are not readily foreseeable. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Report and are based on information currently and reasonably known to us. We do not undertake any obligation to update any forward-looking statements, or to release the results of any revisions to these forward-looking statements, to reflect the impact of anticipated or unanticipated events or circumstances that occur after the date of this Report.

Contact information

If you have questions regarding this report or Lam’s ESG activities, please contact: ESG@lamresearch.com.