Lam Research Corp. (Nasdaq: LRCX) today announced this year’s recipients of its annual Supplier Excellence Awards, recognizing nine companies from around the world for performance across a range of categories. Lam’s close collaboration with the awardees enables it to deliver a resilient, agile and sustainable supply chain to serve customers.
“A strong and scalable supply chain is essential to accelerating innovation, overcoming challenges and enabling our customers to meet increasing demand for next-generation chips,” said Karthik Rammohan, group vice president and head of global operations, Lam Research. “We commend our 2024 Excellence Award recipients for their demonstrated commitment to outstanding quality, operational execution, and environmental and social principles.”
Lam Supplier Excellence Award Winners
Lam engages with thousands of suppliers around the world to responsibly source the specialized materials and components needed for its semiconductor manufacturing equipment. Lam’s 2024 Supplier Excellence Awards were presented in a ceremony last week to select supply chain partners in five key categories.
- Recipients of the Excellence in Operational Execution (No Demand Unmet) Award demonstrated proactive and adaptable delivery, strong investments in inventory strategies and localized manufacturing, and outstanding customer support. The two companies awarded were Celestica Electronics SDN. BHD and Texon Co. Ltd.
- TOTO Ltd. was honored with the Environmental, Social and Governance (ESG) Excellence Award for their demonstrated commitment to ESG principles, including advocating for human rights across the supply chain.
- Easys s.r.o. received Lam’s Excellence in Quality Award for high-yield performance, consistency of quality standards, methodologies and processes, as well as for their installation and warranty support.
- CryoWest, Inc. and Venture Corporation Limited were recognized with a Rapid Prototype Materials Performance Award for exceptional support, responsiveness, and on-time delivery, which enabled Lam to provide solutions faster to meet customer needs.
- The New Product Introduction Performance Award honorees demonstrated outstanding agility, operating responsively in Lam’s dynamic development environment. These suppliers delivered speed to solutions through their value chain for Lam to meet customer requirements. The three companies who received this honor were INFICON AG, TOKAI CARBON KOREA, and Times Microwave Systems, Inc., an Amphenol Company.
Lam works across its complex global supply chain network to cultivate strong relationships built on shared values, transparency, and mutual trust. As part of Lam’s principle to “act with purpose for a better world,” it seeks to hold suppliers accountable for conducting business responsibly and ethically regarding human rights, environmental impact and responsible mineral sourcing. Since 2022, Lam has engaged its top-tier direct suppliers in environmental sustainability opportunities through Lam’s climate pledge, training and events. Lam also continues to work with its top suppliers to set their own science-based emissions-reduction targets and roadmaps.
