Lam Research Corporation Announces $10 Billion Share Repurchase Authorization and a 10-for-1 Stock Split

The company is authorized to repurchase up to $10 billion of common stock. The new share repurchase authorization supplements the remaining balances from any prior authorizations. Repurchases may be made through both public market and private transactions and may include the use of derivative contracts and structured share repurchase agreements. This repurchase program has no termination date and may be suspended or discontinued at any time. The stock split is expected to be effective after market close on ...