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Lam Research Corp - LRCX STOCK NEWS

Welcome to our dedicated page for Lam Research news (Ticker: LRCX), a resource for investors and traders seeking the latest updates and insights on Lam Research stock.

Lam Research Corporation (NASDAQ: LRCX) is a leading American supplier of wafer fabrication equipment and related services to the semiconductor industry. Headquartered in Fremont, California, Lam Research designs and manufactures tools that are essential for the production of integrated circuits, commonly known as microchips. The company's equipment plays a critical role in the front-end wafer processing stages, which are vital for creating the active components and wiring structures of semiconductor devices.

With a strong presence in the semiconductor manufacturing market, Lam Research specializes in deposition and etch processes. Deposition involves the buildup of complex layers on semiconductor wafers, while etching selectively removes patterns from these layers to create intricate circuit designs. Lam Research holds a top market share in etch technology and is the second largest player in deposition. The company's customers include major global chipmakers such as TSMC, Samsung, Intel, and Micron.

Lam Research has recently made significant strides in innovation and sustainability. The company introduced its Semiverse Solutions portfolio, which creates a virtual semiconductor innovation ecosystem that enhances engineering skill training and accelerates technology breakthroughs. This initiative is crucial for addressing talent shortages and improving safety and sustainability in semiconductor education.

In its latest efforts to support the semiconductor industry's growth, Lam Research has also announced its collaboration with the Indian government to educate and train the next generation of semiconductor engineers. The company's advanced virtual labs and tools provide cost-effective and safe learning environments, democratizing access to cutting-edge technologies and expanding the talent pool globally.

Financially, Lam Research has demonstrated resilience and robust performance. For the quarter ended December 2023, the company reported revenues of $3.758 billion and a gross margin of 46.8%, with net income reaching $954 million. This financial strength enables Lam Research to continue investing in product differentiation and global infrastructure, positioning itself favorably for future growth driven by innovations like artificial intelligence.

Lam Research remains committed to environmental, social, and governance (ESG) goals. The company has exceeded its water savings targets and expanded its employee volunteer hours, showcasing its dedication to sustainability and community impact. Additionally, Lam has been recognized for its ESG efforts, being included in the Dow Jones Sustainability Index for North America and receiving numerous industry accolades.

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Lam Research Corp. (Nasdaq: LRCX) announced that Doug Bettinger, Executive Vice President and Chief Financial Officer, will speak at two upcoming investor events in December 2021.

  • UBS Global TMT Conference on December 6, 2021, at 11:00 a.m. PT (2:00 p.m. ET).
  • Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021, at 9:05 a.m. PT (12:05 p.m. ET).

Live webcasts will be accessible on Lam's website, with replays available for two weeks afterward.

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Lam Research Corp. (Nasdaq: LRCX) announced its participation in the Credit Suisse 25th Annual Technology Conference on November 30, 2021, at 9:40 a.m. PT. Tim Archer, the President and CEO, will present at this event. A live webcast will be available on Lam's website, with a replay accessible for two weeks post-event. Lam Research is a leading supplier of wafer fabrication equipment to the semiconductor industry, known for enabling the production of advanced chips globally.

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Lam Research Corporation (NASDAQ: LRCX) has appointed Jyoti Mehra to its board of directors, effective November 9, 2021. Mehra, an expert in human capital, previously served as executive vice president of human resources at Gilead Sciences and has a strong background in cultivating diverse workforces. Her strategic experience is expected to support Lam Research as it scales operations amid rising semiconductor demand. Chairman Abhijit Talwalkar welcomed her leadership, emphasizing the importance of a robust talent pipeline in the evolving semiconductor landscape.

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Lam Research Corporation (Nasdaq: LRCX) declared a quarterly dividend of $1.50 per share, payable on January 5, 2022 to shareholders on record as of December 15, 2021. The dividend reflects Lam's commitment to returning value to its investors, although future payments are subject to Board approval. Lam Research is a leading supplier in the semiconductor industry, providing innovative wafer fabrication equipment and services. The company emphasizes a strong culture of customer commitment and advanced technology utilization.

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Lam Research reported Q4 2021 results with revenue reaching $4.30 billion, a 4% increase from the previous quarter. U.S. GAAP gross margin stood at 45.9%, while diluted EPS rose by 4% to $8.27. Non-GAAP metrics showed a 46.0% gross margin and a diluted EPS of $8.36, up 3%. The company's performance reflects strong demand in the semiconductor sector, evidenced by record earnings for the sixth consecutive quarter. However, cash reserves decreased to $4.9 billion, impacted by share repurchases and dividends.

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Lam Research Corp. (NASDAQ: LRCX) will host its quarterly financial conference call on October 20, 2021, at 2:00 PM PT (5:00 PM ET). The call will be accessible via a webcast at Lam's website, where a replay will also be available three hours after the call concludes. Lam Research is a leading provider of wafer fabrication equipment and services to the semiconductor industry, with nearly every advanced chip utilizing their technology. The company is committed to engineering excellence and customer satisfaction.

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Lam Research Corp. (Nasdaq: LRCX) announced a new 45,000 sq. ft. manufacturing facility in Sherwood, Oregon, set to open in December 2021. This marks Lam's fifth U.S. manufacturing site, enhancing its ability to meet growing semiconductor demand. The facility is expected to create approximately 300 jobs, with training programs for new hires. Lam aims to bolster the local economy and provide significant career opportunities. CEO Tim Archer emphasized innovation and collaboration in workforce development.

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Lam Research Corp. (Nasdaq: LRCX) will participate in the Deutsche Bank Technology Conference on September 9, 2021, at 8:50 a.m. PT. Doug Bettinger, CFO, is set to present, with a live webcast available on Lam's website. The replay will be accessible for two weeks post-event. Lam Research is a leading provider of wafer fabrication equipment for the semiconductor industry, essential for manufacturing advanced chips. The company is headquartered in Fremont, California, and is recognized as a FORTUNE 500 company.

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Lam Research Corporation (Nasdaq: LRCX) has announced a 15% increase in its quarterly dividend from $1.30 to $1.50 per share. This decision reflects the company’s commitment to disciplined annual dividend growth. The new dividend will be paid on October 13, 2021, to shareholders on record as of September 28, 2021. Lam Research is a leading provider of wafer fabrication equipment and services for the semiconductor industry, playing a crucial role in the production of advanced chips worldwide.

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FAQ

What is the current stock price of Lam Research (LRCX)?

The current stock price of Lam Research (LRCX) is $71.79 as of December 20, 2024.

What is the market cap of Lam Research (LRCX)?

The market cap of Lam Research (LRCX) is approximately 91.4B.

What does Lam Research Corporation do?

Lam Research designs and manufactures wafer fabrication equipment and provides related services to the semiconductor industry, focusing on deposition and etch processes.

Who are the major customers of Lam Research?

Major customers include global chipmakers such as TSMC, Samsung, Intel, and Micron.

What are Lam Research's recent achievements?

Recent achievements include the introduction of the Semiverse Solutions portfolio and collaboration with the Indian government to train semiconductor engineers.

What is Lam Research's financial performance?

For the quarter ended December 2023, Lam Research reported revenues of $3.758 billion, a gross margin of 46.8%, and a net income of $954 million.

What are Lam Research's ESG goals?

Lam Research has rigorous ESG goals, including emissions reductions, water savings, and employee volunteerism, with the company surpassing its 2025 targets in these areas.

How does Lam Research support semiconductor education?

Lam Research supports semiconductor education through virtual labs and tools, providing safe and cost-effective learning environments for future engineers.

What is the Semiverse Solutions portfolio?

The Semiverse Solutions portfolio is a virtual semiconductor innovation ecosystem aimed at enhancing engineering skills training and speeding up technology breakthroughs.

How does Lam Research contribute to sustainability?

Lam Research focuses on developing efficient products and processes to reduce greenhouse gas emissions and collaborates with suppliers on sustainability initiatives.

What recognitions has Lam Research received?

Lam Research has been included in the Dow Jones Sustainability Index for North America and received several industry accolades for its ESG efforts.

Where is Lam Research headquartered?

Lam Research is headquartered in Fremont, California, with operations around the globe.

Lam Research Corp

Nasdaq:LRCX

LRCX Rankings

LRCX Stock Data

91.37B
1.28B
0.03%
12.16%
2.51%
Semiconductor Equipment & Materials
Special Industry Machinery, Nec
Link
United States of America
FREMONT