Financial Data and Key Metrics Changes - The company reported a quorum of approximately 86.3% of shares entitled to vote, with 1,088,847,028 shares represented by proxy [4] - All 11 nominees for the Board of Directors were elected, and the advisory vote on executive compensation was approved [14] Business Line Data and Key Metrics Changes - The company adopted the Lam 2025 Stock Incentive Plan, indicating a focus on incentivizing performance among executives and employees [14] Market Data and Key Metrics Changes - The company anticipates strong demand for semiconductors to continue driving global growth in manufacturing, with demand increases expected across every region [18] Company Strategy and Development Direction - The company is focusing on critical technical changes in semiconductor manufacturing, particularly in deposition and etch technology, which aligns with the needs of leading-edge customers [19] - Growth is expected to be driven by vertical scaling and increased etch and deposition intensity, which are essential for advanced packaging and smaller feature devices [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the global nature of the business and the anticipated demand for semiconductors through 2030 and beyond [18] - The company highlighted that the ongoing technical advancements in semiconductor manufacturing will play to its strengths in product offerings [19] Other Important Information - A stockholder proposal regarding the ability to call for a special shareholder meeting was not approved, despite the company having adopted a limited right to call such meetings at a higher threshold [14][11] Q&A Session Summary Question: What is Lam's exposure to foreign sales? - The company has significant customers outside of the U.S., indicating a global customer base [16] Question: What are Lam's biggest growth drivers? - The company identified critical technical changes in semiconductor manufacturing as key growth drivers, particularly in deposition and etch technology [19]

Financial Data and Key Metrics Changes - The company reported a quorum of approximately 86.3% of shares entitled to vote, with 1,088,847,028 shares represented by proxy [4] - All 11 nominees for the Board of Directors were elected, and the advisory vote on executive compensation was approved [14] Business Line Data and Key Metrics Changes - The company adopted the Lam 2025 Stock Incentive Plan, indicating a focus on incentivizing performance within its business lines [14] Market Data and Key Metrics Changes - The company anticipates strong demand for semiconductors to continue driving global growth in manufacturing, with demand increases expected across every region [18] Company Strategy and Development Direction - The company is focusing on critical technical changes in semiconductor manufacturing, particularly in deposition and etch technology, which align well with its product portfolio [19] - Growth is expected to be driven by vertical scaling and increased etch and deposition intensity as customers move towards more advanced packaging and smaller features [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the global nature of the business and the anticipated demand for semiconductors through 2030 and beyond [18] - The company highlighted that the leading-edge customers are scaling vertically, which will require more equipment per chip manufactured, thus supporting long-term growth [19] Other Important Information - A stockholder proposal to allow a combined 10% of outstanding common stock to call a special shareholder meeting was not approved, with the Board recommending a vote against it [11][14] Q&A Session Summary Question: What is Lam's exposure to foreign sales? - The company has significant customers outside of the U.S., which are among its largest [16] Question: What are Lam's biggest growth drivers? - The company identified critical technical changes in semiconductor manufacturing as key growth drivers, particularly in deposition and etch technology [19]

Financial Data and Key Metrics Changes - The company reported a quorum of 1,261,032,300 shares of common stock outstanding, with approximately 86.3% represented by proxy during the meeting [4] - All 11 nominees for the Board of Directors were elected, and the advisory vote on executive compensation was approved [14] Business Line Data and Key Metrics Changes - The company did not provide specific updates on business line performance during the meeting, focusing instead on the proposals and voting outcomes [5][14] Market Data and Key Metrics Changes - The company anticipates strong demand for semiconductors to continue driving global growth in manufacturing, with demand increases expected across every region [19] Company Strategy and Development Direction - The company highlighted its focus on deposition and etch technology, which aligns with the critical technical changes in semiconductor manufacturing [20] - Growth is expected to be driven by vertical scaling and increased etch and deposition intensity as leading-edge customers move towards more complex devices [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the global nature of the business and the anticipated demand for semiconductors through 2030 and beyond [19] - The company emphasized the importance of its product portfolio in meeting the evolving needs of semiconductor manufacturing [20] Other Important Information - A stockholder proposal regarding the ability to call a special shareholder meeting was presented but ultimately not approved [14] Q&A Session Summary Question: What is Lam's exposure to foreign sales? - Management confirmed that the company has significant customers outside of the U.S., which are among its largest [17] Question: What are Lam's biggest growth drivers? - Management identified critical technical changes in semiconductor manufacturing as key growth drivers, particularly in deposition and etch technology [20]