Lam Research Corporation and ON Semiconductor Corporation: A Detailed Gross Profit Analysis

A Tale of Two Titans: Lam Research vs. ON Semiconductor

In the ever-evolving semiconductor industry, Lam Research Corporation and ON Semiconductor Corporation have been pivotal players. Over the past decade, Lam Research has seen its gross profit soar by nearly 250%, from approximately $2 billion in 2014 to over $7 billion in 2023. This remarkable growth underscores its strategic prowess in the semiconductor equipment sector.

Meanwhile, ON Semiconductor has also demonstrated impressive growth, with its gross profit nearly quadrupling from around $1 billion in 2014 to over $4 billion in 2022. However, 2023 saw a slight dip, highlighting the volatile nature of the semiconductor market.

While Lam Research consistently outperformed ON Semiconductor in terms of gross profit, both companies have shown resilience and adaptability. The data from 2024 remains incomplete, leaving room for speculation on future trends. As the semiconductor industry continues to expand, these two giants are poised to shape its future.