Lam Research Corporation
Lam Research Corporation Announces 10-for-1 Stock Split
Summary
On October 2, 2024, Lam Research Corporation announced a 10-for-1 forward stock split of its common stock, effective October 2, 2024, at 5:00 p.m. Eastern Time. Trading on a split-adjusted basis is expected to commence on October 3, 2024. The split increased the number of authorized shares from 400 million to 4 billion without altering the par value. The amendment to the Restated Certificate of Incorporation was filed with the Secretary of State of Delaware, and no stockholder approval was required.
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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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