Lam Research Corporation revealed that Michael R. Cannon and Sohail U. Ahmed will retire from its Board of Directors on November 2, 2026. Both have provided significant leadership and industry expertise, with Cannon bringing over 40 years of experience in technology and executive roles, and Ahmed contributing deep knowledge from his tenure at Intel. Their retirements mark a transition in Lam's governance after years of guiding the company through growth and innovation in semiconductor equipment. The company expressed gratitude for their contributions and wished them well in retirement.
Meta is raising over $100 billion through a new share class to fund AI investments, despite strong AI-driven growth and popular apps like Muse. Tesla lowered its capital expenditure guidance due to efficiencies, while political factors may speed up a...
Shares of major chipmakers like Marvell, AMD, and Intel dropped sharply after Lam Research, a chip equipment supplier, warned of ongoing supply chain constraints that could limit semiconductor production into 2027. This supply squeeze is hitting comp...
Lam Research reported a record fiscal Q1 2027 with revenue and earnings beating estimates, but its stock fell 9% after the CFO warned that supply chain constraints will limit growth in the December quarter. This caution affected the broader semicondu...
Lam Research reported a historic 40% operating margin and record revenue of $8.22 billion for the September quarter, beating earnings expectations. Despite this strong performance, shares fell nearly 8% in after-hours trading due to a cautious Decemb...
Lam Research reported better-than-expected earnings, but the positive news failed to ease investor concerns about potential cuts in semiconductor spending. This triggered a broad sell-off in major chip stocks, especially those linked to AI technology...
