On September 17, Lam Research rose 3.26% in pre-market trading, trading at 278.14 USD/share, with turnover of $9.15 million. The rebound comes after the stock fell sharply earlier this week amid a broad semiconductor equipment sector selloff.

On the news front, as the annual SEMICON India conference opened in New Delhi, Lam Research announced plans to invest approximately 100 billion Indian rupees (roughly $1 billion) to build its first local manufacturing facility in India, while also expanding its advanced R&D operations and talent development programs in the country. Peer Applied Materials simultaneously unveiled a 360 billion rupee investment plan for a Bangalore business park focused on R&D and key equipment manufacturing. Micron Technology also noted it expects to test and assemble hundreds of millions of chips in India by next year.

Additionally, Lam Research had previously disclosed plans to invest over $3 billion over the next five years to expand its global R&D laboratory network, targeting a more than 50% increase in experimental capacity. Analysts maintain a broadly constructive outlook, with Bernstein recently raising its price target to $385 from $360 while keeping an Outperform rating, and FactSet consensus showing a mean target of $381.93.

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