March 17, 2020: Lam Research was awarded a $10M Sales Tax Exclusion from the State of California’s Alternative Energy and Advanced Transportation Financing Authority (CAEATFA).
Contact: Keith Winkelman
Director, Lam Research.
+1 408 345 8378 | Keith.Wilkeman@lamresearch.com
4300 Cushing Parkway, Fremont, CA 94901, USA United States
Lam Research was awarded a $9,922,670 Sales and Use Tax Exclusion (STE) from the State of California’s Alternative Energy and Advanced Transportation Financing Authority (CAEATFA). Due to Governor Newsom’s restrictions to slow the spread of the coronavirus (COVID-19) the meetings/presentations were held via teleconference.
The value of the qualified property eligible for the exclusion is $119,000,000 for upgrades/expansion to display/semi facilities in Silicon Valley through Q1 2022. The support provided by California though employer incentives like ETP and CAEATFA has helped Applied leverage the experience and capabilities of its employees while expanding California’s growing advanced manufacturing technologies that reduce air pollution, conserve energy, and promote economic development and jobs. The success of the CAEATFA application is a direct result of the entire Lam Research team leadership, technical knowledge, good humor, rock-hard ethics, and industry experience.
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