Chip equipment maker Lam Research (LRCX) has authorized a $500M increase in its share repurchase...

|About: Lam Research Corporation (LRCX)|By:, SA News Editor

Chip equipment maker Lam Research (LRCX) has authorized a $500M increase in its share repurchase program, bringing the program's total authorization to $750M. Lam Research shares fell in July after the company provided weak guidance in tandem with its FQ4 earnings, and are currently near their 52-week low. (PR)