Lam Research Company (NASDAQ:LRCX) is a worldwide supplier of wafer fabrication equipment and associated services with large exposure to the Asian market. Its customers consist of semiconductor manufacturers in many regions especially from China, Korea, Japan, and Taiwan.
With significant geopolitical risks in Asia posed by the U.S. restrictions on selling advanced semiconductor equipment to China, Lam Research argues that they can navigate the challenging environment well without telling the details how.
Lam Research Faces Geopolitical Risks Amid Strong Asian Market Presence
China stands as the most important market for Lam Research, accounting 42.2% of total company revenue, while the second most important is Korea 19.3%, Taiwan 11.2%, Japan 9.8%, and Southeast Asia 7.4%. Asia is the key market, covers 87.9% of Lam Research’s revenue.
On the other hand, the America and European markets are not as significant, contributing to 7.4% and 4.7% revenues to Lam respectively.
With uncertainties and potential disruption to their operations and revenue streams, Lam research refused to lower down their financial guidance for the next quarter.
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This article first appeared on GuruFocus.