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Timothy M. Archer

President and CEO at LAM RESEARCH
Since December 5, 2018
Age
57 years
Education
Earned a B.S. degree in Applied Physics from the California Institute of Technology and completed the Program for Management Development at the Harvard Graduate School of Business.
Tenure
Joined LRCX in June 2012 as Executive Vice President and Chief Operating Officer, was promoted to President and COO in January 2018, and became President and CEO on December 5, 2018.

Also at LAM RESEARCH

AAH
Ava A. Harter
Senior Vice President, Chief Legal Officer, and Secretary
DRB
Douglas R. Bettinger
Executive Vice President and CFO
NJF
Neil J. Fernandes
Senior Vice President, Global Customer Operations

About

Timothy M. Archer serves as the current President and Chief Executive Officer of Lam Research Corporation. With a strong background in technology and leadership, he has built his career on a solid foundation of experience in the semiconductor and technology industries.

Before his tenure at Lam Research, he held various executive roles, spending 18 years at Novellus Systems, Inc., and beginning his career at Tektronix. His experience spans technology development and business management, contributing significantly to advancements in semiconductor processing equipment.

Beyond his executive duties, he has been active in industry associations and nonprofit organizations, serving on board memberships and contributing to global technology initiatives. His involvement with groups like SEMI and other leadership roles reflects his commitment to fostering innovation and growth in the technology sector.

$LRCX Performance Under Timothy M. Archer

Past Roles

OrganizationRoleDate RangeDetails
Lam Research Corporation (LRCX) President and Chief Operating Officer January 2018 – November 2018 N/A
Lam Research Corporation (LRCX) Executive Vice President, Chief Operating Officer June 2012 – January 2018 N/A
Novellus Systems, Inc. Chief Operating Officer January 2011 – June 2012 N/A
Novellus Systems, Inc. Executive Vice President, Worldwide Sales, Marketing, and Customer Satisfaction September 2009 – January 2011 N/A
Novellus Systems, Inc. Executive Vice President, PECVD and Electrofill Business Units November 2008 – September 2009 N/A
Novellus Systems, Inc. Senior Director of Technology for the Electrofill Business Unit April 2001 – April 2002 N/A
Novellus Systems, Inc. Senior Director of Technology for Novellus Systems Japan 1999 – 2001 N/A
Tektronix Process Development for high-speed bipolar integrated circuits Starting in 1989 N/A

External Roles

OrganizationRoleDate RangeDetails
Johnson Controls International plc Board Member Since March 2024 Member of the Compensation and Talent Development Committee
SEMI International Board of Directors Member N/A Global industry association representing the electronics manufacturing and design supply chain

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,200,000 Annual (effective May 27, 2024) Annual base salary for 2024.
401(k) Company Matching$10,350 Per Pay Period/Annually Matching contribution to the 401(k) Plan.
Long-Term Disability Insurance Premiums$4,589 Annually Company-paid premiums.
Elective Deferred Compensation Contribution$2,500 Annually Company contribution to the elective plan.

Performance Compensation

Data from  FY 2024

Performance Compensation Components

ComponentTarget Shares/OptionsPercentage WeightGrant DateVesting ScheduleAdditional Details
Market-based PRSUs14,726 shares 60% March 1, 2024 Cliff vesting after 3 years (March 1, 2027) Payout formula: For every 1% outperformance relative to the PHLX Semiconductor Sector Total Return Index (XSOX), award increases by 2%; conversely, -2% per 1% underperformance. Ceiling at 150% of target and floor at 0% of target.
Service-based RSUs4,908 shares 20% March 1, 2024 One-third vesting on March 1 of 2025, 2026, and 2027 Vesting contingent upon continued employment.
Stock Options14,724 options 20% March 1, 2024 One-third vesting on March 1 of 2025, 2026, and 2027; expire 7 years from grant date Exercise Price: $981.53

Performance Metrics & Evaluation

MetricDetailCitation
Performance PeriodFebruary 1, 2024 – January 31, 2027
Benchmark IndexPHLX Semiconductor Sector Total Return Index (XSOX)
Measurement Method50-trading-day average closing prices pre and post performance period with dividend reinvestment
Payout Adjustment+2% for every 1% outperformance and -2% for every 1% underperformance relative to the benchmark
Award Ceiling / FloorMaximum payout: 150% of target; Minimum payout: 0% of target

These details form the framework for Timothy M. Archer's performance compensation under the LTIP in 2024.

Interviews

CEO Interview: Innovating to Meet Green Goals thumbnail

CEO Interview: Innovating to Meet Green Goals

EE Times
23:07 min
Sep 7, 2023
Watch