Having recently ended its strongest fiscal year in history, semiconductor equipment maker Lam Research is ready to take on what its chief sees as a growing value proposition for the chips it helps to produce, CEO Martin Anstice told Cramer on Monday.
"The investments, the discipline from our customers today means they invest in capacity when they have demand for chips, and I think that's a commentary on health and sustainability in our industry," Anstice said in an interview.
The CEO added that Lam Research's memory-chip customers, who buy equipment to make dynamic random-access memory, or DRAM, and flash memory chips, "are all reporting in the range of 40 to 50 percent operating income."
And with memory-chip revenue growth at an all-time high, Anstice expected the semiconductor ecosystem to expand as various industries turn to new-age methods of connectivity and data storage.
"Let's not forget that the semiconductor revenues in the last four or five years have increased by about $120 billion, and that's .2 percent of global GDP," the CEO said. "And that reflects the increased value proposition of the industry in the broader data economy."
Click here to watch Anstice's full interview.