Lam Research to Invest Over $3 Billion in R&D Lab Expansion Over 5 Years

1. 1Lam Research (LRCX) announced it will invest more than $3 billion over the next five years to expand its global R&D lab network.
2. 2The multi-site expansion is expected to increase lab capacity by more than 50%, with work on the lab network expansion beginning this year.
3. 3The move aims to stay ahead of customer demand and accelerate product development as artificial intelligence spending drives demand for advanced chips.

Source Reuters +1 · View original ↗

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