Lam Research’s China Revenues Show that U.S. Export Controls Aren’t Working; Blanket Policy Denials Are Needed
By Steve Coonen
A top U.S. semiconductor manufacturing equipment manufacturer, Lam Research, released its most recent quarterly results last week, and the numbers clearly indicate that U.S. export controls are not working. As Nikkei Asia reports:
Despite the semiconductor-related export curbs first announced in October 2022 that barred American companies from shipping advanced chip equipment to China without a license, the country remains Lam’s largest revenue contributor, contributing 48% of the total in the three-month period, up from 30% a year ago and 26% in the previous quarter.
That’s right, Lam’s China revenues are rising as a percentage of company revenue, not falling.
Lam’s leadership doesn’t foresee its China business dropping off, either. Referring to new export controls released last… Read More