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Lam Research (LRCX) Expands Footprint Amid Industry Momentum
Lam Research (LRCX) Expands Footprint Amid Industry Momentum
Abdul Rahman
Tue, February 24, 2026 at 4:51 AM GMT+9 2 min read
In this article:
LRCX
-1.83%
MU
-2.54%
Lam Research Corporation (NASDAQ:LRCX) is one of Goldman Sachs’s top growth stock picks. On February 17, Lam Research Corporation (NASDAQ:LRCX) opened a new office in Boise, Idaho. The new facility spans 9,200 sq. ft. and will initially accommodate about 150 employees from the greater Boise area.
Lam Research (LRCX) Expands Footprint Amid Industry Momentum
Neil Fernandes, Lam Research’s senior vice president of Global Customer Operations led the ribbon cutting ceremony. Commenting on the occasion, Fernandes said the company’s “expansion in Idaho provides critical infrastructure near one of our largest customers and enables us to accelerate our operations in America’s leading hub for world-class memory chip manufacturing.”
According to the press release, the new office will focus on collaborative research, development, and high-volume manufacturing of Micron Technology’s (NASDAQ:MU) advanced memory chips. Micron is also headquartered in Boise and is one of Lam’s biggest customers.
Separately, on February 5, Lam’s Board of Directors approved a quarterly cash dividend of $0.26 per share of common stock. Eligible shareholders must be on record by March 4, 2026, and payment will be issued on April 8. The $0.26 per share payment was first declared in September 2025, when the board raised the quarterly payout from $0.23.
Lam Research Corporation (NASDAQ:LRCX) supplies wafer fabrication equipment and services used in semiconductor manufacturing, specializing in etch and deposition process technologies. The company’s tools are critical for advanced logic and memory production, including NAND and DRAM devices.
While we acknowledge the potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
**READ NEXT: ****11 Best Alternative Energy Stocks to Invest In According to Analysts and **13 Best Infrastructure Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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