Is lam research better placed than its other memory segment competitors with respect to china

Lam Research's position within its memory segment competitors appears to be robust relative to China's influence, considering the following points:

1. Revenue Contribution: While China is a significant market for Lam Research, the company has been actively managing its exposure to China. In 2023, China contributed 26% of Lam Research's income, down from 31% in 2022. This diversification suggests that Lam Research is not overly reliant on the Chinese market.
2. Diversification Efforts: The company has been exploring opportunities to diversify its supply chain, including considering investment in Vietnam. This strategic move could help mitigate risks associated with China-related export controls and geopolitical tensions.
3. Competitive Position: Lam Research's competitive position in the memory segment is strong, with significant market share in etch and a leading presence in deposition. This market leadership provides a degree of resilience against potential downturns or disruptions in the Chinese market.
4. Global Customer Base: Lam Research's customer base extends beyond China, with a global presence that includes Europe, Korea, and Taiwan. This diversified customer base helps to offset potential losses in the Chinese market.
5. Technological Advancements: The company's focus on technological advancements, particularly in AI and advanced packaging, positions it well for growth opportunities outside of China. These advancements could drive future growth and mitigate the impact of any potential challenges related to the Chinese market.

In conclusion, while China is an important market for Lam Research, the company's proactive approach to diversification, strong competitive position, and global customer base indicate that it is well-positioned relative to its memory segment competitors with respect to China.