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Top related persons:
Florence Lo - 1 Doug Bettinger - 1 Bettinger - 1 Lam - 1 it's - 1 Jaspreet Singh - 1 Max A - 1 Sriraj Kalluvila - 1
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REUTERS - 1 Lam Research - 1 Samsung Electronics - 1 SK Hynix - 1 Micron Technology - 1 Thomson - 1

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2 mentions found


☆ Lam Research forecasts revenue below estimates despite China business boom
  + stars: | 2023-10-18 | by ( Jaspreet Singh Max A. Cherney | Jaspreet Singh | Max A. Cherney | ) www.reuters.com   time to read: +2 min
REUTERS/Florence Lo/Illustration Acquire Licensing RightsOct 18 (Reuters) - Chip manufacturing equipment supplier Lam Research (LRCX.O) forecast second-quarter revenue slightly below Wall Street estimates on Wednesday due to weak memory chip demand, even though its China business continues to boom. Lam posted first-quarter revenue of $3.48 billion, compared with market estimates of $3.41 billion. China constituted 48% of its first-quarter revenue compared with 30% a year earlier, the company said. The rules narrowed restrictions announced last year that cost Lam roughly $2 billion dollars in lost revenue. "I don't know if China is up, down or sideways next year, but it's not going away," Bettinger said.
Persons: Florence Lo, Doug Bettinger, Bettinger, Lam, it's, Jaspreet Singh, Max A, Sriraj Kalluvila, Jamie Freed Organizations: REUTERS, Lam Research, Samsung Electronics, SK Hynix, Micron Technology, Thomson Locations: China, Fremont , California, Bengaluru, Max, San Francisco
☆ Chipmaking tool firms expect boom in China sales despite export rules
  + stars: | 2023-04-20 | by ( Stephen Nellis | ) www.reuters.com   time to read: +4 min
April 20 (Reuters) - Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on equipment used to make cutting-edge semiconductors. Lam is subject to the U.S. export restrictions, and ASML will face new rules from the Dutch government on China sales later this year. But those rules so far have only affected equipment used in making the most advanced chips. In Lam's case, it had originally estimated that the China restrictions would cost it between $2 billion and $2.5 billion of revenue in 2023. That's a jump from November, when ASML said China made up 18% of its then 38 billion euro backlog.
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