Chip equipment maker Lam Research to invest more than $3 billion to expand R&D labs
Aug 13 (Reuters) - Lam Research (LRCX.O), opens new tab said on Thursday it intends to invest more than $3 billion in the next five years to expand its global research and development lab network, as it seeks to increase experiment capacity and speed up product development.The U.S. chip equipment maker said the multi-site expansion is expected to increase its experiment capacity by over 50%. Sign up here.Here are some details:AI-focused spending by major technology companies has fueled de...
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