Lam Research Corporation
Lam Research Announces New CUSIP Number Post Stock Split
Summary
On September 25, 2024, Lam Research Corporation announced that it will issue a new CUSIP number for its common stock, par value $0.001 per share, following a ten-for-one forward stock split, which was previously announced on May 21, 2024. The new CUSIP number will be 512807306. The stock split is expected to become effective at 5:00 p.m. Eastern Time on October 2, 2024, with trading in the stock split-adjusted shares commencing on October 3, 2024. The transfer agent, Computershare Trust Company, N.A., is acting as the exchange agent for the stock split. Certificated stockholders are required to surrender their certificates to Computershare to receive post-split shares, while book-entry shareholders will not need to take any action.
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About Lam Research Corporation
Lam Research Corporation is a leading supplier of semiconductor processing equipment used in the fabrication of integrated circuits. Renowned for its innovation in wafer fabrication, Lam Research focuses on developing advanced technology solutions that enable critical processes such as plasma etch and deposition, which are essential for manufacturing chips found in a wide range of electronic devices. The company's equipment plays a pivotal role in the production of memory and logic devices, foundational to computing, communications, and consumer electronics sectors. With a global presence, Lam Research collaborates with semiconductor manufacturers to enhance yield and improve performance, ensuring next-generation chip technologies meet the demands of modern applications. As the semiconductor industry continues to expand and evolve, Lam Research remains integral to driving advancements and efficiency improvements in chip production, thereby maintaining its strategic significance within the technology supply chain.
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