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 (LRCX) is a global leader in semiconductor manufacturing equipment, specializing in precision deposition and etch technologies essential for advanced chip production. This dedicated news hub provides investors and industry professionals with timely updates on LRCX's strategic developments, financial performance, and technological innovations.
Access official press releases, earnings reports, and analysis of key initiatives shaping the wafer fabrication landscape. Our curated collection covers critical updates including equipment launches, strategic partnerships, and process technology advancements that drive the semiconductor industry forward.
Stay informed about LRCX's role in enabling next-generation memory and logic devices through its cutting-edge solutions. The resource is regularly updated to serve as your primary reference for understanding Lam Research's market position and operational milestones.
Bookmark this page for streamlined access to verified LRCX developments impacting semiconductor manufacturing efficiency, device scaling challenges, and industry leadership in deposition/etch systems.
Lam Research Corp. (NASDAQ: LRCX) has appointed Ava Harter as senior vice president and chief legal officer. Reporting to CEO Tim Archer, Harter will oversee all legal functions, government, and regulatory affairs. She brings extensive experience from her previous roles as chief legal officer at Whirlpool and general counsel at Owens Corning. Harter's background includes significant legal positions at General Electric and Dow Chemical, as well as work at law firms and as an adjunct professor.
CEO Tim Archer highlighted Harter's experience in developing legal strategy and building world-class teams, emphasizing her value to Lam as they focus on enabling next-generation semiconductors in the AI era. Harter expressed enthusiasm for advancing and protecting Lam's innovation while serving customers responsibly.
Lam Research (NASDAQ: LRCX) announced it will host its quarterly financial conference call and webcast on Wednesday, July 31, 2024. The event will start at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time). Investors can access the live webcast through the Investors section of Lam's website. A replay of the webcast will be available approximately three hours after the conclusion of the call.
Lam Research Corp. (Nasdaq: LRCX) released its 2023 Environment, Social, and Governance (ESG) report, showcasing significant sustainability achievements. Notable highlights include saving approximately 2.8 million kWh of energy globally, generating 5.5 million kWh from solar, and nearly doubling renewable energy consumption. Lam saved 20.1 million gallons of water globally and completed a critical wastewater reclamation project in Fremont, California. The company identified a wafer-less auto-cleaning process potentially reducing NF3 emissions by up to 85% and introduced product features reducing NOx and N2O emissions by 50% and 30%, respectively. Lam also donated $6.8 million through The Lam Foundation and $10 million to FIRST® Global to promote STEM education. Recognitions in 2023 included being named one of the World's Most Admired Companies by Fortune Magazine and one of the World's Best Companies by Time Magazine.
Lam Research announced a $10 billion share repurchase authorization and a 10-for-1 stock split. The share repurchase aligns with their plan to return 75% to 100% of free cash flow to stockholders. This authorization supplements previous ones and has no termination date. The stock split will be effective after market close on October 2, 2024, with trading on a post-split basis starting October 3, 2024. Adjustments will be made to various equity plans and agreements. Lam Research supplies innovative wafer fabrication equipment and services to the semiconductor industry and is a FORTUNE 500® company.
Lam Research (Nasdaq: LRCX) announced a quarterly dividend of $2.00 per share, payable on July 10, 2024, to shareholders recorded by June 18, 2024. Future dividends are subject to the Board of Directors' approval. Lam Research is a global supplier of wafer fabrication equipment and services for the semiconductor industry.
Lam Research (Nasdaq: LRCX) announced the participation of its key executives in several upcoming investor conferences. CEO Tim Archer will attend the Bernstein Strategic Decisions Conference on May 29, 2024, at 5:00 a.m. PDT. CFO Doug Bettinger will participate in the Goldman Sachs Semiconductor Conference on May 30, 2024, at 7:00 a.m. PDT, and the Bank of America Global Technology Conference on June 4, 2024, at 9:20 a.m. PDT. Live audio webcasts of these presentations will be available on Lam's website, with replays accessible for two weeks post-event.
Lam Research (Nasdaq: LRCX) announced that Doug Bettinger, EVP and CFO, will participate in the JP Morgan Global Technology, Media and Communications Conference on May 21, 2024. A live webcast will be available on Lam's website, with a replay option for two weeks.
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