Complex AI chips are expected to drive demand for Lam Research's chipmaking tools, according to CEO Tim Archer. This prediction was made during the company's first analyst day in five years, where executives discussed new chipmaking tools, market overview, and financial forecasts through 2028.
The growing demand for complex AI silicon is likely to push companies like TSMC to purchase more of Lam Research's tools over the next three years. Archer emphasized that artificial intelligence is probably the biggest fundamental driver of the semiconductor industry's growth.
Lam Research's focus on developing advanced chipmaking tools is expected to benefit from this trend. The company's expertise in creating complex AI chips will likely be in high demand as the industry continues to evolve.
