Lam Research Corp Stock Is Good Value Here
Lam Research (LRCX) produced solid net income and free cash flow ("FCF") results for its quarter and fiscal year ending June 30. This chip wafer fabrication equipment and services supplier indicated that foundry spending is tracking higher than last year. This in part due to an acceleration in 5G development leading to strong demand for 7-nanometer and 5-nanometer products. (Lam's products and services help their customers build smaller, faster and better performing devices that are used in select electronic products like mobile phones, personal computers,