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LRCX - Lam Research News Story

$557.67 -34.8  -5.9%

Last Trade - 12/05/21

Sector
Technology
Size
Large Cap
Market Cap £59.75bn
Enterprise Value £59.77bn
Revenue £9.39bn
Position in Universe 145th / 6853

BUZZ-Chip parts makers lifted by Intel's plan to expand manufacturing

Wed 24th March, 2021 11:52am
** Shares of semiconductor cos gain premarket after Intel
Corp  INTC.O  announced a $20 bln plan to expand its advanced
chip manufacturing capacity  urn:newsml:reuters.com:*:nL1N2LL35U
    ** Chip equipment makers Lam Research Corp  LRCX.O , Applied
Materials Inc  AMAT.O  and ASML Holding  ASML.O  advance between
4% and 5%
    ** Credit Suisse says ASML's 2021 guidance may prove to be
conservative following Intel's news; brokerage KBC expects the
equipment market to improve  urn:newsml:reuters.com:*:nL8N2LM262
    ** Chipmakers Analog Devices  ADI.O , Micron Technology Inc
 MU.O , Skyworks Solutions  SWKS.O , NXP Semiconductors
 NXPI.O , Broadcom  AVGO.O  and Qualcomm  QCOM.O  up between
0.7% and 1%
    ** Shares of Intel rival Advanced Micro Devices  AMD.O  dip
0.8% and U.S.-listed shares of Taiwan Semiconductor  TSM.N  drop
about 2% 
    ** Intel shares gain ~3.3% premarket, set to add to its 27%
YTD surge; the Philadelphia chip index  .SOX  has climbed about
7% this year

 (Reporting by Medha Singh in Bengaluru)
 ((medha.singh@thomsonreuters.com))
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