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Welcome to our dedicated page for Lam Research Corporation news (Ticker: LRCX), a resource for investors and traders seeking the latest updates and insights on Lam Research Corporation 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) 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.
What does Lam Research Corporation do?
Who are the major customers of Lam Research?
What are Lam Research's recent achievements?
What is Lam Research's financial performance?
What are Lam Research's ESG goals?
How does Lam Research support semiconductor education?
What is the Semiverse Solutions portfolio?
How does Lam Research contribute to sustainability?
What recognitions has Lam Research received?
Where is Lam Research headquartered?
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