Lam Research

Cost Engineer 6

Lam Research$100K — $130K *
Manufacturing & Automotive
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Mechanical Engineering, Manufacturing Engineering, or related field with 15 years experience; or 12 years experience with a Master’s degree; or 8 years with a Ph.D; or equivalent experience without a degree.
  • 8+ years of cost engineering / should costing experience.
  • Proficiency in at least 2 manufacturing processes (e.g., machining, sheet metal, plastics).
  • Experience working with engineering teams on product design and technical drawing comprehension.
  • Supplier-facing experience including RFQ support and negotiation.
  • Experience with costing tools (e.g., aPriori) and strong manual costing skills.
  • Proven ability to lead cross-functional initiatives and influence others without direct authority.

Responsibilities

  • Lead should-cost modeling and cost analysis for semiconductor components and assemblies.
  • Conduct technical analysis including teardown reviews and cost validation.
  • Develop and serve as a technical authority on robust cost models.
  • Drive cost engineering initiatives throughout product development.
  • Facilitate alignment on design trade-offs and manufacturing strategies across teams.
  • Collaborate with suppliers on cost structure validation and negotiation support.
  • Mentor colleagues and establish best practices in cost analysis.

Benefits

  • Hybrid work options allowing a mix of on-site and remote work.
  • Comprehensive benefits package aimed at supporting employees throughout different life phases.
Full Job Description
The impact you'll make

As a Senior Cost Engineer at Lam, you will be a key interface between Product Group Engineering and Global Supply Chain, ensuring cost is designed into products early and effectively. As a trusted partner, you will enable product competitiveness by driving cost vs. performance vs. sourcing strategy trade-offs throughout the product lifecycle.

In this role, you will utilize your deep expertise in should-cost analysis, Design for Cost (DFC) and Design for Manufacturing (DFM) along with your ability to lead complex, cross-functional initiatives across Engineering, Supply Chain, and suppliers to drive effective cost savings for Lam.

What you'll do
• Lead should-cost modeling and DFC/DFM cost analysis for complex semiconductor components and assemblies
• Perform deep technical analysis including teardown reviews, manufacturing process evaluation, and cost validation
• Develop robust cost models using and serve as a technical authority for complex or ambiguous costing challenges
• Lead cost engineering initiatives for NPI programs from concept through production ramp
• Drive alignment across Engineering, Supply Chain, and suppliers on design trade-offs, feasible manufacturing strategies and material costs
• Partner with sourcing and supplier teams to validate supplier cost structures, support negotiation strategies, and develop/improve cost models
• Provide organizational and capability leadership through mentorship, best practice establishment and creation of reusable models, cost libraries, and commodity insights
• Present to peer and executive levels on assessments, findings and recommendations

Who we're looking for

  • Bachelor's degree in Mechanical Engineering, Manufacturing Engineering, or related field with 15 years experience; or 12 years experience with a Master's degree; or 8 years experience with a Ph.D; or equivalent years experience in a similiar role without a degree.
  • 8+ years of experience in:
    • Cost engineering / should costing
    • Manufacturing, product engineering, or supply chain engineering
  • Strong understanding of 2+ manufacturing processes (machining, sheet metal, plastics, casting, ceramics, etc.)
  • Experience working directly with engineering teams on product design; Technical drawing comprehension
  • Supplier-facing experience including RFQ support, cost validation, and negotiation
  • Experience with costing tools (e.g., aPriori) combined with strong manual costing capability
  • Proven experience leading cross-functional initiatives and influencing without authority
  • Strong communication skills-able to translate complex cost analysis into actionable decisions
  • Demonstrated accountability and proactive problem-solving in ambiguous environments


Preferred qualifications
• Experience in or deep knowledge of Semiconductor fabrication, Semiconductor Equipment Operations, or related industries
• Strong background in Design for Cost (DFC) and value engineering
• Experience supporting NPI programs
• Knowledge of Program Management methods and experience in Product Development & Release (PDR) procedures
• Experience with applications: NX CAD and/or ProE Creo, aPriori, SAP

Lam offers a variety of work location models based on the needs of each role. Our hybrid roles combine the benefits of on-site collaboration with colleagues and the flexibility to work remotely and fall into two categories - On-site Flex and Virtual Flex. 'On-site Flex' you'll work 3+ days per week on-site at a Lam or customer/supplier location, with the opportunity to work remotely for the balance of the week. 'Virtual Flex' you'll work 1-2 days per week on-site at a Lam or customer/supplier location, and remotely the rest of the time.

Our Perks and Benefits

At Lam, our people make amazing things possible. That's why we invest in you throughout the phases of your life with a comprehensive set of outstanding benefits.

About Lam Research

Lam Research Corporation (Lam Research) is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry. Lam Research designs, manufactures, markets, refurbish, and services semiconductor processing equipment used in the fabrication of integrated circuits. The Company’s etch and clean technologies enable customers to build integrated circuits. Its etch systems shape the microscopic conductive and dielectric layers into circuits that define a chip’s final use and function. Its Customer Support Business Group (CSBG) provides products and services to maximize installed equipment performance and operational efficiency. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make DRAM, NAND, and logic devices for these products.

Lam Research Careers

Joining Lam Research offers a unique opportunity to enhance your career at a leading global company at the forefront of innovation and technology in the semiconductor industry. Work You’ll Do At Lam Research, we are committed to advancing the technology landscape through continuous innovation and leadership. Our team of professionals is dedicated to pushing the boundaries of what's possible, making us a pivotal player in the semiconductor industry. By joining our team, you will collaborate with some of the brightest minds in the field, contributing to projects that significantly impact future technology. Transform Your Career Lam Research stands at the intersection of technology, innovation, and leadership. We offer job opportunities that challenge you to excel and push your limits. Our culture fosters growth and embraces diversity, ensuring that every team member can thrive professionally and personally. Join our dynamic team and be part of a company known for its groundbreaking work in developing equipment and services that drive the production of virtually every leading-edge chip in the world. Professional Growth and Development We believe in nurturing the professional growth of our employees by providing ample opportunities for career advancement through leadership and diversity training programs. Our commitment to your career is reflected in our robust benefits package, designed to support you and your family’s health, well-being, and financial future. Internship and Employment Opportunities Start your career path at Lam Research with our internship programs, which offer a hands-on experience in the semiconductor industry. Interns work closely with experienced mentors, gaining invaluable skills and knowledge that prepare them for full-time positions within our company. For seasoned professionals, we offer a variety of positions that leverage your skills to contribute to our mission of continuous improvement and innovation. We are always looking for curious, creative, and driven individuals to join our team. Inclusive Culture and Networking Lam Research is dedicated to creating a diverse and inclusive environment where all employees can thrive. Our culture encourages networking and collaboration, allowing you to connect with colleagues and industry leaders who are as passionate about technology and innovation as you are. Applying at Lam Research Ready to take the next step in your career? Explore the job opportunities at Lam Research by visiting our Careers page. Tailor your resume to highlight your relevant experience and skills, and prepare for an interview that could lead to a multitude of rewarding career paths with us. Stay Connected Keep up to date with the latest company news, employment trends, and career tips by joining our community. Subscribe to receive updates that can help you navigate your professional journey at Lam Research. Join Our Team Search open positions that match your skills and interests. We look for passionate, innovative, and solution-driven team players. Start your journey with Lam Research today, where your work isn’t just a job—it’s a pathway to personal and professional fulfillment. SEARCH LAM RESEARCH JOBS Discover the opportunities waiting for you at Lam Research, where we turn today’s innovations into tomorrow’s technologies.
Learn more about Lam Research
Size
14,100 employees
Market Cap
$54.8 billion
Industry
Net Income
$2.9 billion
Founded
2013
5 Year Trend
+16.5%
Revenue
$11.9 billion
NASDAQ

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