Lam Research Corporation

Lam Research specializes in the steps that carve a chip into being. Its machines handle etching and deposition, the processes that sculpt and layer the microscopic structures on a silicon wafer, and it holds a leading position in the tools that make memory chips in particular. That gives it heavy exposure to the DRAM and NAND makers, so Lam's orders swell when memory demand is hot and fall when the market floods with supply. It sits alongside Applied Materials, KLA and ASML as one of the indispensable equipment suppliers that every advanced fab must buy from. Founded in 1980 and based in Fremont, California, the company has leaned into the idea that AI will require far more advanced memory and 3D chip structures, which play to its strengths. Its stock tends to move as a high-beta proxy for chip-equipment spending.

On MyRWA, LRCX trades tokenized across 19 on-chain venues - see the listings below.