Movement Alert|Lam Research Rises 3.23% in Pre-Market Trading, Power Semiconductor NT$1.04 Billion Equipment Order Fuels Sector Rebound

Market Focus
Jun 17

On June 17, Lam Research rose 3.23% in pre-market trading, trading at approximately $381.62/share, with turnover of $2.2682 million. The stock rebounded from a 3.01% decline on June 16 caused by director share sales and a broader sector pullback.

On the news front, Powerchip Semiconductor announced a NT$1.04 billion procurement order from Lam Research International for machinery and related manufacturing facilities, further confirming robust downstream demand for semiconductor equipment. This follows a NT$773.77 million order from Powertech Technology disclosed earlier, reinforcing the sustained capital expenditure upcycle. Additionally, multiple investment banks recently raised target prices on Lam Research, with Oppenheimer lifting its target to $400, UBS to $375, Wells Fargo to $365, and Barclays to $335.

Within the Semiconductor Equipment sector, stocks broadly rebounded in pre-market trading. Among individual stocks, ASML Holding up 4.31%, Amkor Technology up 5.14%, Applied Materials up 3.18%, Teradyne up 2.97%, KLA-Tencor up 2.81%, demonstrating significant sector linkage effects.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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