Lam Research CEO Resigns Amid Misconduct Allegations; COO Tim Archer Well-Suited to Take the Reins
On Dec. 5, Lam Research announced CEO Martin Anstice resigned as the company investigates allegations of misconduct. The firm’s press release stressed the alleged conduct did not involve financial misconduct. Tim Archer, previously the company’s president and COO, was named president and CEO effective immediately. Our initial reaction is that the firm remains under worthy leadership, as Archer was appointed president in January 2018 after serving as solely COO since June 2012, following Lam’s ac...Lam Research is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company's customer base includes semiconductor memory, foundry, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. The company's services include customer service, spares, improvement, and refurbishment of its deposition, etch, and clean products. The company sells its products and services to companies in the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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