On September 17, Lam Research rose 3.5% in regular trading, trading at $276.445/share, with turnover of $177 million. The gain came as the broader semiconductor equipment sector rallied, with multiple peers posting gains of 2% or more.

On the news front, at the SEMICON India conference in New Delhi, Lam Research announced plans to invest approximately 100 billion Indian rupees (~$1 billion) to build its first local manufacturing facility in India, while also expanding advanced R&D operations and talent development in the country. The announcement came alongside Applied Materials' pledge of $5 billion in India over the next decade, and Micron Technology's plans to test and assemble hundreds of millions of chips in India by 2027, signaling a coordinated industry push into the Indian semiconductor ecosystem.

The India investment adds to Lam Research's broader expansion trajectory. The company had previously disclosed plans to invest over $3 billion over the next five years to expand its global R&D lab network, targeting an experiment capacity increase of more than 50%. Within the Semiconductor Equipment sector, ASML rose 2.06%, Applied Materials gained 2.41%, KLA Corporation climbed 2.69%, AXT surged 5.29%, and Aehr Test advanced 5.03%.

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