Lam Research Deepens Investment in Boise to Support Projected Growth in U.S. Semiconductor Manufacturing

Rhea-AI Summary

Lam Research (NASDAQ: LRCX) opened a new 9,200 sq. ft. office in Boise, Idaho on Feb. 17, 2026 to support collaborative R&D and high-volume manufacturing for memory customers. The office will initially house approximately 150 Lam personnel and is part of a multi-year U.S. expansion to accelerate support for Micron and AI-era chipmaking.

The ceremony included U.S. Senator Jim Risch, Micron representatives, local leaders and academic partners; Lam emphasized advanced deposition, etch tools, Equipment Intelligence® and Semiverse® Solutions in its U.S. growth strategy.

Positive

• 9,200 sq. ft. new Boise office opened
• Initial staffed team of ~150 personnel in Boise

Negative

• None.

Key Figures

Initial Boise headcount: approximately 150 personnel Boise office size: 9,200 sq. ft. Boise presence duration: more than 30 years +1 more

4 metrics

Initial Boise headcount approximately 150 personnel New Boise office staffing at opening

Boise office size 9,200 sq. ft. Floor space of new Boise facility

Boise presence duration more than 30 years Lam’s operating history in Boise

Supplier award year 2025 Micron’s Outstanding Front End Equipment Supplier of the Year to Lam

Market Reality Check

Price: $235.53 Vol: Volume 9,905,105 vs 20-da...

normal vol

$235.53 Last Close

Volume Volume 9,905,105 vs 20-day average 12,670,227, indicating trading below recent norms. normal

Technical Price 235.53 is trading above the 200-day MA at 134.76, reflecting a strong pre-news uptrend.

Peers on Argus

LRCX was up 1.83% while key peers were mixed: AMAT (-2.75%), KLAC (+0.9%), TER (...

1 Down

LRCX was up 1.83% while key peers were mixed: AMAT (-2.75%), KLAC (+0.9%), TER (+1.97%), ASML (-0.58%), ENTG (+1.03%), suggesting a stock-specific move rather than a uniform sector trend.

Historical Context

5 past events · Latest: Feb 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 05	Dividend declaration	Positive	+8.3%	Announced quarterly cash dividend of <b>$0.26</b> per share.
Feb 03	Leadership changes	Neutral	-3.1%	Reassigned senior roles to increase operational velocity for AI demand.
Feb 03	Board appointment	Positive	-3.1%	Added Cadence CEO Anirudh Devgan to the board for AI and EDA expertise.
Feb 02	R&D collaboration	Positive	+1.7%	Expanded multi-year R&D collaboration with CEA-Leti on specialty technologies.
Jan 28	Quarterly earnings	Neutral	+0.5%	Reported December-quarter financials and guidance for March 29, 2026.

Pattern Detected

Recent Lam headlines, including earnings, dividends and R&D collaborations, have mostly seen share-price moves that align with the generally positive or neutral tone, with one divergence on a board appointment/governance update.

Recent Company History

Over the last few weeks, Lam reported quarterly results on Jan 28, 2026, with multi-billion-dollar revenue and guided March-quarter outlook, followed by an R&D expansion agreement with CEA-Leti on Feb 2. Leadership and board changes were announced on Feb 3, then a quarterly dividend of $0.26 per share on Feb 5 that coincided with a strong positive move. Today’s Boise expansion news continues the theme of capacity and ecosystem investment to support the AI-driven semiconductor cycle.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-08-11

Lam has an effective S-3ASR shelf filed on 2025-08-11, allowing offerings of multiple security types (debt, common, preferred, depositary shares, warrants, rights, purchase contracts and units) for general corporate purposes through future prospectus supplements. The registration remains effective through 2028-08-11 with no recorded usage to date.

Market Pulse Summary

This announcement highlights Lam’s continued investment in Boise through a new 9,200 sq. ft. office ...

Analysis

This announcement highlights Lam’s continued investment in Boise through a new 9,200 sq. ft. office initially supporting about 150 employees and strengthening collaboration with Micron on advanced memory manufacturing. It extends a local presence of more than 30 years and supports AI-related demand. In context, investors may track how such expansions translate into revenue growth, utilization of the existing S-3ASR shelf filed on 2025-08-11, and any follow-on R&D or customer agreements linked to this facility.

Key Terms

semiconductor manufacturing, plasma physics, materials science, advanced robotics, +1 more

5 terms

semiconductor manufacturing technical

""A strong supply of American-made semiconductors is critical... semiconductor manufacturing.""

Semiconductor manufacturing is the process of designing and fabricating the tiny electronic chips that power devices, using highly specialized factories, equipment and clean-room procedures to build microscopic circuits on silicon. It matters to investors because it is capital- and technology-intensive, drives company costs and product supply, and is sensitive to demand cycles and geopolitical risks—similar to investing in a bakery that needs expensive ovens and rare ingredients to meet changing customer orders.

plasma physics medical

"Lam's state-of-the-art manufacturing equipment brings together disciplines such as plasma physics..."

Plasma physics is the study of plasmas — a state of matter where gases are energized so their atoms break into freely moving, electrically charged particles, like the stuff in neon signs or lightning. Investors care because controlling plasmas enables key technologies (semiconductor manufacturing, fusion power, satellite propulsion, and some medical devices); breakthroughs or setbacks can change production costs, create new markets, alter regulatory paths, and affect long‑term company value.

materials science technical

"Lam's state-of-the-art manufacturing equipment brings together... materials science, advanced robotics..."

Materials science is the study and design of the substances that make products work — from metals and plastics to ceramics and coatings — focusing on how their structure affects strength, weight, durability and cost. For investors, advances in materials science can create new markets, lower manufacturing costs, extend product life, or introduce supply risks and patent-based advantages, much like a new, stronger building material can transform construction and change who wins in that industry.

advanced robotics technical

"Lam's state-of-the-art manufacturing equipment brings together... materials science, advanced robotics, and artificial intelligence..."

Advanced robotics are machines that combine sensors, software and mechanical parts to perform tasks with high precision, adaptability and often some level of decision-making — think of a very capable, tireless coworker that can see, move and adjust to changing conditions. Investors care because these systems can cut labor costs, boost production speed and enable new products or services, but they also require significant upfront investment and face technical, safety and regulatory hurdles that affect returns.

artificial intelligence technical

"to support chipmakers enabling the artificial intelligence (AI) era."

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

AI-generated analysis. Not financial advice.

U.S. Senator Risch, Micron and Community Leaders Celebrate New Lam Office; Lam Builds on Three Decades in the 'City of Trees'

BOISE, Idaho, Feb. 17, 2026 /PRNewswire/ -- In a ribbon-cutting ceremony today, Lam Research Corp. (NASDAQ: LRCX) commemorated the opening of its new office in Boise, Idaho, joined by U.S. Senator Jim Risch, representatives of Micron Technology, Inc. and other distinguished local government, community, and academic leaders. The new office will initially support approximately 150 Lam personnel from the greater Boise area focused on collaborative research, development and high-volume manufacturing of Micron's leading-edge memory technology, with room for future growth. 

"Lam's expansion in Idaho provides critical infrastructure near one of our largest customers and enables us to accelerate our operations in America's leading hub for world-class memory chip manufacturing," said Neil Fernandes, senior vice president of Global Customer Operations for Lam Research, who cut the ribbon at today's ceremony. "As we celebrate our new office, we also demonstrate our commitment to our talented employees, the City of Trees community, and Micron to drive breakthroughs to enable the next generation of advanced memory chips."

Found in state-of-the-art fabs across the U.S. and around the globe, Lam's innovative manufacturing equipment and processes are used to create nearly every advanced chip in the world. Building on Lam's more than 30 years in Boise, the new 9,200 sq. ft. office is the company's latest U.S. expansion and part of a multi-year strategy to increase the company's operational and innovation velocity to support chipmakers enabling the artificial intelligence (AI) era.

Among Lam's customers is Boise-headquartered Micron, who recently awarded Lam as Outstanding Front End Equipment Supplier of the Year in 2025.

"Micron's memory manufacturing operations in Boise—along with our planned expansions—are essential to strengthening America's technology leadership," said John Whitman, corporate vice president of central engineering and procurement at Micron. "The advanced deposition and etch tools from Lam Research installed in our state-of-the-art fabs allow us to produce high performance, high-capacity memory chips with extraordinary precision at the atomic scale. We are grateful for Lam's longstanding partnership and congratulate them on their new office. We look forward to continuing to grow together as we drive U.S. semiconductor manufacturing."

"A strong supply of American-made semiconductors is critical to strengthening our economy and bolstering U.S. national security. Lam Research's new Boise office and fabrication equipment further solidify Idaho's strong leadership in semiconductor manufacturing. Continued investment in the Treasure Valley will not only support job creation but also benefit the Gem State's economy and cutting-edge work in technological advancement," said Senator Jim Risch. 

Craig Quarterman, district director for U.S. Congressman Mike Simpson, was also in attendance at the event. Additional speakers included Sandy Anderson of the Boise Metro Chamber of Commerce, Dr. Nancy Glenn, vice president of research and economic development at Boise State University, and Laura Honn, director of revenue and outreach for Women's and Children's Alliance, representing two of the many academic institutions, associations, and organizations with whom Lam works closely to foster future talent and support community resilience in Idaho.

Lam's state-of-the-art manufacturing equipment brings together diverse disciplines such as plasma physics, materials science, advanced robotics, and artificial intelligence to create semiconductor fabrication solutions that deliver both nanoscale-level precision and excellent production economics. These solutions are used to create smaller, taller, higher performance chips for smartphones, automotive, AI and data centers. Lam also provides a growing portfolio of advanced services and solutions to lead the industry's transition to the autonomous fab of the future, including Semiverse® Solutions virtualization software, Equipment Intelligence® technology and Dextro™ collaborative robots.

Additional Media Resources:

• Read the Lam blog
• Find related images in the Lam media center

About Lam Research 
Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better-performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500^® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. 

Caution Regarding Forward-Looking Statements 

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to, market, industry and industry segment expectations, and our investment and expansion plans. Some factors that may affect these forward-looking statements include: business, economic, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; trade regulations, export controls, tariffs, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; supply chain cost increases, tariffs and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K for the fiscal year ended June 29, 2025 and quarterly report on Form 10-Q for the fiscal quarter ended December 28, 2025. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this press release.

Company Contacts:

Laura Bakken
Media Relations
(510) 572-9021
publicrelations@lamresearch.com

Ram Ganesh
Investor Relations
(510) 572-1615
investor.relations@lamresearch.com

Source: Lam Research Corporation, (Nasdaq: LRCX)

View original content to download multimedia:https://www.prnewswire.com/news-releases/lam-research-deepens-investment-in-boise-to-support-projected-growth-in-us-semiconductor-manufacturing-302689922.html

SOURCE Lam Research Corporation

FAQ

What did Lam Research (LRCX) announce about its Boise expansion on Feb. 17, 2026?

Lam Research opened a new 9,200 sq. ft. Boise office to support manufacturing and R&D. According to the company, the office will initially support about 150 personnel focused on collaboration with Micron and future growth capacity.

How many employees will Lam Research (LRCX) initially place in the Boise office?

The company said the Boise office will initially support approximately 150 Lam personnel. These staff will focus on collaborative research, development and high-volume manufacturing with Micron and room for future expansion.

What is the strategic purpose of Lam Research's (LRCX) new Boise office for Micron partnerships?

Lam says the Boise office provides critical infrastructure near a major customer to accelerate operations. According to the company, it supports advanced deposition and etch tools used in Micron memory fabs and deeper R&D collaboration.

Which Lam technologies did the company highlight in the Boise announcement for LRCX investors?

Lam emphasized advanced deposition, etch tools, Equipment Intelligence® and Semiverse® Solutions virtualization software. According to the company, these technologies target nanoscale precision and automation for AI-era chip production.

Who attended Lam Research's Boise ribbon-cutting and what local partners were noted by LRCX?

U.S. Senator Jim Risch, Micron representatives, local government and academic leaders attended the ceremony. According to the company, speakers included Boise State University and local chamber and community organization representatives.