Lam Research Authorizes $25 Billion in Additional Buybacks
The authorization adds flexibility without requiring any share purchases.
Business, technology and what comes next.
NextNow / Archive
The authorization adds flexibility without requiring any share purchases.
License and other revenue climbed 50%, compared with 8% royalty growth. GAAP operating income rose even as net income fell from a year earlier.
Handset chip revenue fell 26%, while automotive sales reached $1.99 billion. Qualcomm forecast $10.4 billion to $11.2 billion in fiscal first-quarter revenue.
The acquisition is complete; integration and customer-ready combinations remain the next commercial test.
The confirmed fiscal-year release offers a chance to separate handset trends, diversification and licensing economics.
October exports reached $115.28 billion, with semiconductors accounting for nearly half of the total.
SSD and embedded-storage gains contrasted with a sequential decline in mobile controllers.
The chipmaking-equipment supplier projected a sharp annual profit increase after strong first-half results.
Data-center sales rose sharply, but the chipmaker forecast fourth-quarter revenue below analyst expectations.
Four proposed CHIPS research awards target power electronics, fusion-related components and high-purity materials; final funding remains distinct from the letters of intent.