Lam Research Corporation Announces Martin B. Anstice to Succeed Stephen G. Newberry as President and CEO Effective

FREMONT, CA, Sep 08 (MARKET WIRE) --
Lam Research Corporation (NASDAQ: LRCX) today announced that the
company's Board of Directors has appointed Martin B. Anstice to chief
executive officer (CEO), effective January 1, 2012. Anstice succeeds
Stephen G. Newberry, who will continue serving as vice chairman, an
executive position with the company, after his transition as CEO. Anstice
will also maintain his current role as president and chief operating
officer.

Commenting on Anstice's promotion, Newberry noted, "As president and
chief operating officer, Martin has brought strong leadership to our
company. He has more than 10 years of experience at Lam Research --
working closely with our employees, customers, and suppliers; and earning
an excellent reputation within the financial community during his tenure
as chief financial officer," he said. "Martin has consistently delivered
solid results even during one of the most challenging business
environments in our industry's history. He is the ideal person to lead
the company to our next level of success," Newberry concluded.

Anstice subsequently added, "It is an honor and an incredible opportunity
to lead Lam Research. We have great technologies and products and a solid
track record of delivering strong operational and financial performance
-- which, combined with our talented employees and strong company culture
-- presents an exciting growth opportunity for us in the years ahead. I
would like to thank Steve and the members of the Board for the confidence
and trust they've placed in me," said Anstice.

Remarking on the transition, James W. Bagley, chairman of Lam Research
said, "Steve's leadership, strategic vision, and focus on execution have
led to a number of significant company and industry milestones for Lam
Research. During his tenure, Lam achieved 50 percent market share in the
dry etch market; entered the single-wafer wet clean business; surpassed
$3 billion in revenue for fiscal year 2011; and gained the position as
the fourth largest wafer fabrication equipment supplier in the world. We
pride ourselves on our seamless leadership transitions, with Martin now
being the second internal CEO appointment for Lam. The timing of Steve's
decision is consistent with Lam's long-term succession plan developed by
Steve and the Board over the past few years. Remaining as vice chairman,
he will continue to focus on the strategic direction of the company and
closely collaborate with Martin, as well as continue to engage with key
customers and buy-side shareholders. On behalf of the board, I want to
thank Steve for his extraordinary contributions and performance over the
last 14 years," concluded Bagley.

Statements made in this press release that are not statements of
historical fact are forward-looking statements and are subject to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements relate, but are not limited, the
future positions, roles, achievements and tenures for Mr. Newberry and
Mr. Anstice, and the opportunities for the company and its ability to
grow. These forward-looking statements are based on current expectations
and are subject to uncertainties and changes in condition, significance,
value and effect as well as other risks detailed in documents filed by us
with the Securities and Exchange Commission, including specifically our
report on Form 10-K for the year ended June 26, 2011. These uncertainties
and changes could cause actual results to vary from expectations. The
Company undertakes no obligation to update the information or statements
made in this press release.

Lam Research Corporation is a major provider of wafer fabrication
equipment and services to the world's semiconductor industry. Lam's
common stock trades on The NASDAQ Global Select Market(SM) under the
symbol LRCX. Lam Research is a NASDAQ-100(R) company. For more
information, visit www.lamresearch.com.

Company Contacts:
Corporate Communications:
Lisa Garber
510/572-5241
lisa.garber@lamresearch.com

Investor Relations:
Shanye Hudson
510/572-4589
shanye.hudson@lamresearch.com

Copyright 2011, Market Wire, All rights reserved.

-0-