Lam Research Resets Technology Path With CEA Leti Deal And Boise Bet

Simply Wall St

Thu, February 26, 2026 at 2:12 PM GMT+9 3 min read

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  LRCX

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  MU

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Lam Research announced a new partnership with research institute CEA-Leti focused on next generation specialty semiconductor technology.

The company is reshaping its leadership team alongside this technology collaboration.

Lam is expanding its US footprint with a new facility in Boise, Idaho, centered on advanced memory chip manufacturing near key customer Micron.

These moves come as Lam Research (NasdaqGS: LRCX) trades at $249.48, with the stock up 3.9% over the past week and 11.9% over the past month. Returns of 34.8% year to date and 209.7% over the past year highlight how closely investors are watching any change in the company’s technology plans, executive bench, or manufacturing base.

For you as an investor, the combination of a CEA-Leti collaboration, leadership reshuffle, and a Boise build out near Micron shapes Lam’s role in specialty and memory related equipment. The key questions now center on how these moves influence Lam’s long term technology roadmap, customer relationships, and position within the global semiconductor supply chain.

Stay updated on the most important news stories for Lam Research by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Lam Research.

NasdaqGS:LRCX Earnings & Revenue Growth as at Feb 2026

We’ve flagged 1 risk for Lam Research. See which could impact your investment.

Investor Checklist

Quick Assessment

**⚖️ Price vs Analyst Target**: At $249.48, Lam trades about 9% below the US$274.74 analyst target, with a published range of US$200 to US$325.

**❌ Simply Wall St Valuation**: Shares are described as trading 113.9% above the platform's estimated fair value, which flags a rich valuation.

**✅ Recent Momentum**: The 30 day return of roughly 11.9% shows strong short term momentum as the market reacts to the CEA Leti deal, leadership changes, and Boise expansion.

There is only one way to know the right time to buy, sell or hold Lam Research: review the latest data. Head to Simply Wall St’s company report for the latest analysis of Lam Research’s Fair Value.

Key Considerations

📊 The CEA Leti partnership, together with the Boise facility near Micron, may strengthen Lam's position in specialty and memory equipment. This helps explain why investors are closely tracking the story.

📊 Monitor how the new leadership team executes on this technology roadmap, customer concentration with Micron, and whether earnings and revenue trends support the current 50.1x P/E multiple.

⚠️ The most relevant flagged risk is significant insider selling over the past 3 months, which some investors treat as a caution signal when the share price already screens as expensive.

 






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Dig Deeper

For the full picture, including more risks and rewards, check out the complete Lam Research analysis. Alternatively, you can visit the community page for Lam Research to see how other investors believe this latest news will impact the company’s narrative.

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include LRCX.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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