On September 18, Lam Research rose 3.12% in regular trading, trading at $277.8/share, with turnover of $624 million. The stock continued its upward momentum following a major investment announcement at the SEMICON India conference in New Delhi.
On the news front, Lam Research announced plans to invest approximately 100 billion Indian rupees (about $1 billion) to build its first local manufacturing facility in India, while also expanding its advanced R&D operations and talent development programs in the country. The announcement came alongside pledges from other semiconductor equipment leaders at the same event — Applied Materials committed $5 billion in India investments over the next decade, and Micron Technology confirmed its Gujarat plant has begun mass production, with plans to test and assemble hundreds of millions of chips in India by next year.
The collective push by major chip equipment makers into India has broadly lifted sector sentiment. Within the Semiconductor Equipment sector, Applied Materials rose 1.79%, KLA Corporation gained 1.0%, and ASML Holding advanced 0.9%. Lam Research has also been actively expanding its global footprint, having previously disclosed a $3 billion-plus plan to expand its global R&D lab network over the next five years, increasing experiment capacity by over 50%. Analysts remain bullish, with a consensus buy rating and a mean price target of approximately $384.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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