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VELO 3D, Lam Research Corp Signs Agreement To Develop Novel Materials & Designs in Metal AM or 3D Printing Applications for Semiconductor Industry

August 05, 2020 / Business Wire
SHARESHARESHARE

Digital manufacturing innovator VELO 3D and Lam Research Corporation (Nasdaq: LRCX) today announced a joint development agreement that includes collaboration on novel materials and designs in metal additive manufacturing (AM) or 3D printing applications for the semiconductor industry. Lam plans to significantly increase the volume of parts produced by AM over the next five years.

Additive manufacturing allows transformation of the supply chain from production of parts typically manufactured by subtractive methods, to higher performance, innovative designs that enable agile supply chains to adopt Industry 4.0 principles. VELO 3D will develop new metal alloys on its Sapphire ® printer that are critical to Lam designs and technologies. Lam Capital will also invest an undisclosed amount in VELO 3D.

“Lam Research is leveraging additive manufacturing as a driver of the innovation that enables our customers to build smaller, faster, more powerful, and power-efficient electronic devices for everyday use,” said Kevin Jennings, senior vice president of Global Operations at Lam Research. “This joint development arrangement aligns well with Lam’s mission to continuously seek new technologies that push the limits of product design and manufacturing. We are excited to lead the semiconductor industry in delivering value to our customers from AM.”