Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says

FREMONT, California: Lam Research is focused on adding sensing and AI capabilities to its semiconductor manufacturing tools to make them more productive as it plans expanded operations in Arizona and California, its chief executive told Reuters on Thursday.

Shares of Lam, which supplies chipmakers such as Micron Technology and Taiwan Semiconductor Manufacturing Co, have risen more than 75% this year as huge ‌demand for AI ⁠chips has ⁠spurred customers to buy more tools.