Lam Research Corporation Announces an Increase to Share Repurchase Program to $750M

Lam Research Corporation LRCX today announced that its Board of Directors has approved an increase of $500 million in the Company's authorization for share repurchases, raising the total authorization under the program to $750 million. Repurchases of the Company's common stock may be made in both public market and private transactions, and may include the use of derivative contracts and structured share repurchase agreements. The increased authorization limit is effective immediately.