US based semiconductor etch equipment leader Lam Research held a ribbon-cutting ceremony on February 18, 2026, to mark the opening of its new 9,200-square-foot office in Boise, Idaho. The event was attended by U.S. Senator Jim Risch, representatives from Micron Technology, Inc., and local government, community, and academic leaders.
The facility will initially house approximately 150 Lam employees from the Boise area, focusing on collaborative research, development, and high-volume manufacturing for Micron's memory technology, with capacity for future expansion.
Neil Fernandes, senior vice president of Global Customer Operations at Lam Research, stated: "Lam's expansion in Idaho provides critical infrastructure near one of our largest customers and enables us to accelerate our operations in America's leading hub for world-class memory chip manufacturing. As we celebrate our new office, we also demonstrate our commitment to our talented employees, the City of Trees community, and Micron to drive breakthroughs to enable the next generation of advanced memory chips."
Lam's equipment and processes are used in semiconductor fabrication facilities worldwide. The company has maintained a presence in Boise for more than 30 years. The new office is part of a multi-year plan to increase operational and innovation capacity for chipmakers supporting artificial intelligence applications.
Micron, headquartered in Boise, named Lam Research the Outstanding Front End Equipment Supplier of the Year in 2025.
John Whitman, corporate vice president of central engineering and procurement at Micron, said: "Micron's memory manufacturing operations in Boise along with our planned expansions are essential to strengthening America's technology leadership. The advanced deposition and etch tools from Lam Research installed in our state-of-the-art fabs allow us to produce high performance, high-capacity memory chips with extraordinary precision at the atomic scale. We are grateful for Lam's longstanding partnership and congratulate them on their new office. We look forward to continuing to grow together as we drive U.S. semiconductor manufacturing."
Senator Jim Risch commented: "A strong supply of American-made semiconductors is critical to strengthening our economy and bolstering U.S. national security. Lam Research's new Boise office and fabrication equipment further solidify Idaho's strong leadership in semiconductor manufacturing. Continued investment in the Treasure Valley will not only support job creation but also benefit the Gem State's economy and cutting-edge work in technological advancement."
Other attendees included Craig Quarterman, district director for U.S. Congressman Mike Simpson; Sandy Anderson of the Boise Metro Chamber of Commerce; Dr. Nancy Glenn, vice president of research and economic development at Boise State University; and Laura Honn, director of revenue and outreach for Women's and Children's Alliance.
Lam's manufacturing equipment integrates plasma physics, materials science, advanced robotics, and artificial intelligence to produce chips for smartphones, automotive systems, AI, and data centers. The company also offers services including Semiverse Solutions virtualization software, Equipment Intelligence technology, and Dextro collaborative robots.
In calendar year 2025, Lam Research recorded annual revenue of $20.6 billion. Non-GAAP earnings per share reached $4.89, compared to $3.36 in the prior year.
The company expects its advanced packaging business to grow by more than 40% in calendar year 2026, driven by foundry-logic customers and the transition to next-generation high-bandwidth memory such as HBM4 and HBM4E.
The wafer fabrication equipment (WFE) market was approximately $110 billion in 2025, with Lam forecasting growth to around $135 billion in 2026, concentrated in the second half of the year.
The installed base for Lam's Akara technology doubled year-over-year in 2025, with applications in gate-all-around (GAA) and DRAM nodes projected to expand by roughly 2x to 3x.
Pic : VECTOR TEOS 3D tool
Lam's overall installed base grew to approximately 102,000 units by the end of 2025, from roughly 96,000 units the previous year. The company's share of the WFE market increased by over one percentage point year-over-year.
