Lam Research Corporation Appoints Rick Tsai to Board of Directors

FREMONT, CA--(Marketwired - September 12, 2016) - Lam Research Corp. (NASDAQ: LRCX), an advanced manufacturer of semiconductor equipment, today announced that Rick Tsai will join the company's board of directors effective as of September 13, 2016. Dr. Tsai is currently chairman and chief executive officer (CEO) of Chunghwa Telecom Co. Ltd. as well as a director of NXP Semiconductors N.V. He had previously served as president, CEO, and member of the board of Taiwan Semiconductor Manufacturing Company, Limited (TSMC).

"I am pleased to announce the appointment of Dr. Tsai as the newest member of the Lam Research Board of Directors," said Stephen Newberry, chairman of Lam Research. "He has substantial technical and operational leadership experience in global business as well as a deep knowledge of the semiconductor industry. When considering these qualifications together with his excellent reputation in the semiconductor industry, we are delighted to welcome Dr. Tsai to the board and look forward to working with him."

Dr. Tsai has served as chief executive officer of Chunghwa Telecom, a Taiwanese integrated telecom service provider, since January 2014. From 2011 to 2014, Dr. Tsai served as the chairman and chief executive officer of TSMC Solid State Lighting and TSMC Solar, both of which were wholly owned subsidiaries of TSMC at the time. From 1989 to 2011, he held various positions at TSMC, including president and chief executive officer, chief operating officer, executive vice president of worldwide sales and marketing, and executive vice president of operations.

About Lam Research
Lam Research Corp. (NASDAQ: LRCX) is a trusted global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's broad portfolio of market-leading deposition, etch, and clean solutions helps customers achieve success on the wafer by enabling device features that are 1,000 times smaller than a grain of sand, resulting in smaller, faster, more powerful, and more power-efficient chips. Through collaboration, continuous innovation, and delivering on commitments, Lam is transforming atomic-scale engineering and enabling its customers to shape the future of technology. Based in Fremont, Calif., Lam Research is a Nasdaq-100 Index® and S&P 500® company whose common stock trades on the Nasdaq Global Select Market℠ under the symbol LRCX. For more information, please visit www.lamresearch.com. (LRCX-B)