Lam Research is trading 7.52% up at $5.43, extending its rebound from the September 14 close of $5.10, following its approximately ₹10,000 crore India investment announcement.
- The plans include a silicon-component facility and expanded Bengaluru R&D operations.
- Semiconductor-equipment sentiment is improving amid JPMorgan’s positive view of AI-driven wafer-fabrication spending and tight tool supply.
- Broader technology strength provides additional support.