Lam Research is the dominant supplier of etch and deposition equipment, both critical for HBM and advanced NAND scaling driving the AI memory boom. SK Hynix, Micron, and Samsung capex cycles are accelerating into 2026 to meet hyperscaler demand. Export controls on China remain a headwind but US/Korea/Taiwan order book more than offsets. Multiple compression relative to AMAT/KLAC looks unjustified given HBM exposure.
Thesis reviewed May 29, 2026
Lam Research Corporation is headquartered in United States, which is currently showing elevated risk signals.
🇺🇸United States82EXITView United States risk detail →💻Semiconductors1WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| AMAT | Applied Materials, Inc. | 11 | +14% | ↓92% | EARLY |
| MU | Micron Technology, Inc. | 11 | +16% | ↓92% | EARLY |
| AMD | Advanced Micro Devices, Inc. | 11 | +14% | ↓92% | EARLY |
| ON | ON Semiconductor Corporation | 11 | -12% | ↓92% | AVOID |
| WOLF | Wolfspeed Inc. | 11 | -29% | ↓92% | AVOID |
| UMC | United Microelectronics Corporation | 11 | +7% | ↓92% | NEUTRAL |
| STM | STMicroelectronics N.V. | 11 | +12% | ↓92% | NEUTRAL |
Investors who hold LRCX may also have indirect exposure through these country funds.
SK Hynix raises 2026 HBM capex 35% on Nvidia demand
Lam wins lead etch position at Micron Idaho fab
China revenue mix declining as US/Korea orders surge
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Sheldon Whitehouse | Sell | $1k–$15k | Aug 13, 26 | ||
| Alan Armstrong | Buy | $1k–$15k | Mar 27, 26 | ||
| David J. TaylorOH | Buy | $1k–$15k | Jun 5, 26 | ||
| Donald J. TrumpFL | R | Buy | $500k–$1.0M | Feb 10, 26 | +7.7% |
| Donald J. TrumpFL | R | Buy | $100k–$100k | Mar 11, 26 | +7.7% |
| Donald J. TrumpFL | R | Buy | Unknown amount | Mar 12, 26 | +7.7% |
| Donald J. TrumpFL | R | Buy | Unknown amount | Mar 25, 26 | +7.7% |
| Donald J. TrumpFL | R | Buy | Unknown amount | Mar 23, 26 | +7.7% |
| David J. TaylorOH | R | Buy | $1k–$15k | Apr 27, 26 | +11.0% |
| David J. TaylorOH | R | Buy | $1k–$15k | Mar 12, 26 | +39.3% |
| David J. TaylorOH | R | Buy | $1k–$15k | Feb 26, 26 | +59.6% |
| Cleo FieldsLA | D | Buy | Unknown amount | Feb 3, 26 | +30.4% |
| John Boozman | Sell | $1k–$15k | Jan 8, 26 | +35.3% | |
| David J. TaylorOH | R | Buy | $1k–$15k | Jan 16, 26 | +34.1% |
| David J. TaylorOH | R | Buy | Unknown amount | Jan 8, 26 | +39.5% |
| Markwayne Mullin | Buy | $50k–$100k | Dec 29, 25 | +42.9% | |
| Sheldon Whitehouse | Sell | $15k–$50k | Aug 28, 25 | +227.1% | |
| Markwayne Mullin | Buy | $15k–$50k | Jan 2, 24 | +203.7% | |
| Markwayne Mullin | Buy | $15k–$50k | May 13, 25 | +252.4% | |
| John Boozman | Sell | $1k–$15k | Apr 16, 25 | +277.2% |