FREMONT, CA -- (MARKET WIRE) -- 12/12/11 --
Lam Research Foundation, the charitable-giving arm of Lam Research Corp. (NASDAQ: LRCX), today announced a US$250,000 grant to Japan's Ashinaga Foundation supporting orphans of the March 2011 Tōhoku earthquake and tsunami.
The new grant, being made through U.S.-based nonprofit Give2Asia organization, will support the construction of the Tōhoku Rainbow House in Sendai City, Miyagi Prefecture, which will provide day-to-day and long-term psychological support to children who lost their parents or whose parents were severely disabled by the disaster. The Ashinaga Foundation is also planning satellite facilities in Iwate and Fukushima Prefectures to provide similar services.
The 9.0 earthquake off Japan's northeast coast claimed nearly 16,000 lives and left hundreds of children homeless. Lam Research maintains eight offices and service centers across Japan, including one within 75 miles of the quake's epicenter. To date, Lam Research and its employees have donated US$550,000 to Japan earthquake relief efforts, including two previous gifts totaling US$300,000 to the American Red Cross.
"Lam Research is pleased to make this contribution to help the children of Japan who lost everything in the Tōhoku disaster get the support that they need to rebuild their lives," said Yukimasa Yoshida, executive vice president of Lam Research Japan. "This great disaster has touched the lives of the Lam Japan family, its customers, partners and friends. We are grateful to be a part of this local community and to do what we can to help this region return to prosperity and thrive."
About the Ashinaga Foundation
For more than 40 years, the nonprofit Ashinaga Foundation has provided education-focused financial and emotional support to children whose parent or guardian has suffered a serious disability, or died due to serious illness, accident, disaster, or suicide. Each year, the Tokyo-based organization provides financial support to more than 6,000 students in need. Total academic loans and scholarships disbursed per year exceed US$22 million. The foundation has also provided psychosocial care to children for more than 16 years at the Kobe Rainbow House, which was built in 1995 following the Great Hanshin Earthquake. Donations to the Rainbow House can be made through the Give2Asia philanthropic services organization at http://give2asia.org/supportourwork or directly to the Ashinaga Foundation via e-mail at email@example.com.
About the Lam Research Foundation
Through the Lam Research Foundation, Lam's corporate philanthropy programs contribute to local, national, and international organizations that improve the lives of people. Specific programs include educational grants, employee giving, core values scholarships, and support of educational institutes through collaborative relationships. Lam Research works with a number of top universities worldwide on research that is changing the face of high technology, values-based business practices, and management and leadership training for technologists. Since 2000, the Lam Research Foundation has donated more than $10 million worldwide to education and disaster relief initiatives.
About Lam Research
Lam Research Corp. is a major supplier of wafer fabrication equipment and services to the world's semiconductor industry, where the company has been advancing semiconductor manufacturing for more than 30 years. As a technology and market share leader in plasma etch and single-wafer clean, Lam Research is leveraging its combined expertise to address some of today's most advanced semiconductor processing challenges. Headquartered in Fremont, Calif., Lam Research maintains a global network of service facilities throughout North America, Asia, and Europe to meet the complex and changing needs of its global customer base. Lam's common stock trades on The NASDAQ Global Select Market(SM) under the symbol LRCX. Lam Research is a NASDAQ-100® company. For more information, visit http://www.lamresearch.com.
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