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.
Lam Research Corp. (NASDAQ: LRCX) announced its quarterly financial conference call scheduled for April 21, 2021, at 2:00 PM PT. Investors can access the call via the company's website, with a replay available three hours post-conclusion. Lam Research is a leading supplier of wafer fabrication equipment to the semiconductor industry, playing a crucial role in the production of advanced chips globally. The company is headquartered in Fremont, California, and is part of the FORTUNE 500.
Lam Research (Nasdaq: LRCX) announced a notice of redemption for all 2.625% Senior Convertible Notes due 2041 issued by its subsidiary Novellus Systems, Inc. The redemption date is set for May 21, 2021, at a price equal to 100% of the principal plus accrued interest. Holders can convert the notes into shares at a rate of 31.8009 shares of LRCX per $1,000 principal amount before the redemption date. The company will instruct the trustee to notify noteholders of the redemption terms.
Lam Research Corporation (Nasdaq: LRCX) will participate in the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, at 8:45 a.m. Pacific Time. Doug Bettinger, Executive Vice President and CFO, will represent the company. A live webcast of the presentation will be publicly accessible via Lam's website, with a replay available for two weeks post-event. Lam Research is a key supplier of wafer fabrication equipment to the semiconductor industry, known for its technological leadership and commitment to customer success.
Lam Research Corporation (Nasdaq: LRCX) has declared a quarterly dividend of $1.30 per share, payable on April 7, 2021, to shareholders on record as of March 17, 2021. This payment reflects the company's ongoing commitment to returning value to its investors. As a key player in the semiconductor equipment sector, Lam Research provides essential technology that supports advanced chip manufacturing.
Future dividends are subject to the Board's review. The company emphasizes that its forward-looking statements may be influenced by various uncertainties, including market conditions and the impacts of the COVID-19 pandemic.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in the Goldman Sachs Technology & Internet Conference 2021. Tim Archer, President and CEO, will present on February 11, 2021, at 7:30 a.m. PT (10:30 a.m. ET). A live webcast of the event can be accessed on Lam's Investor Relations page, with a replay available for two weeks afterward.
Lam Research is a leading provider of wafer fabrication equipment and services for the semiconductor industry, known for its technological innovation and collaboration with major semiconductor companies.
Lam Research has launched Vantex, a cutting-edge dielectric etch technology for the Sense.i etch platform, designed to enhance performance and scalability in 3D NAND and DRAM manufacturing. This innovation allows chipmakers to achieve higher aspect ratios and improve etch profile uniformity while reducing costs. With increased RF power and advanced pulsing technology, Vantex is expected to significantly boost yield across 300mm wafers. The technology is already shipping for qualification to major memory customers, aiming for high-volume production in 2021.
Lam Research reported solid financial results for the December 2020 quarter, achieving $3.46 billion in revenue, a 9% increase from the previous quarter. U.S. GAAP diluted EPS rose to $5.96, up 7%, while non-GAAP diluted EPS reached $6.03, marking a 6% increase. However, gross margins declined slightly, with U.S. GAAP margin at 46.4% (-100 bps) and non-GAAP margin at 46.6% (-90 bps). The company anticipates March 2021 quarter revenue to be around $3.7 billion (+/- $200 million).
Lam Research Corp. (NASDAQ: LRCX) will host its quarterly financial conference call on January 27, 2021, at 2:00 p.m. PT. Investors can access the webcast on the company's website, with a replay available three hours post-call. As a leading supplier in the semiconductor industry, Lam Research emphasizes its commitment to innovation and customer success, supporting advanced chip manufacturing worldwide. For further inquiries, investors can reach Lam's Investor Relations department via email or phone.
Lam Research Corporation (Nasdaq: LRCX) will participate in the Credit Suisse 24th Annual Technology Conference on December 1, 2020, at 7:50 a.m. PT. Tim Archer, President and CEO, will represent the company during this event. A live webcast of the presentation will be accessible from Lam's investors' section on their website, with a replay available for two weeks post-event. Lam Research is recognized as a top supplier of wafer fabrication equipment and services to the semiconductor industry, crucial in building advanced chips worldwide.
Lam Research Corporation (Nasdaq: LRCX) has authorized a $5 billion share repurchase program and declared a quarterly dividend of $1.30 per share. The share buyback program is designed to enhance shareholder value and has no termination date, allowing flexibility in execution. Dividends will be paid on January 6, 2021, to shareholders on record by December 9, 2020. The company remains a key player in the semiconductor industry, providing essential wafer fabrication equipment, and is committed to ongoing innovation.
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