The semiconductor equipment maker said the investment should increase its experiment capacity by more than 50%. The expansion will begin this year and span facilities in the U.S., Asia and Europe.
CEO Tim Archer said the AI era requires new chip architectures, materials and increasingly complex features. Lam aims to use the investment to shorten development cycles from early research through deployment in semiconductor fabrication plants.
Stock Performance And Technical Analysis
LRCX stock fell about 1% in premarket trading Friday after closing 3.34% higher in the previous session. Nasdaq futures rose 0.20%, while S&P 500 futures gained 0.10%.
Lam Research traded at $334.56 in Friday’s premarket session. The stock sits 0.9% below its 50-day simple moving average of $337.70.
