Lam Research to Invest Over $3 Billion in R&D Lab Expansion Over 5 Years
LRCX Lam Research Corp
$337.21 +3.40%
View chart & analysis → - 1Lam Research (LRCX) announced it will invest more than $3 billion over the next five years to expand its global R&D lab network.
- 2The multi-site expansion is expected to increase lab capacity by more than 50%, with work on the lab network expansion beginning this year.
- 3The move aims to stay ahead of customer demand and accelerate product development as artificial intelligence spending drives demand for advanced chips.
This 3-line summary is compiled from the report below.
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