Chip-making equipment supplier ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/lam-research” target=”_blank”>Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by robust demand for advanced AI chips, sending the company’s shares up 4.5% in extended trading.
The increased appetite for high-performance AI chips and processors – essential for powering AI workloads – is prompting major ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/chip-manufacturers” target=”_blank”>chip manufacturers like ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/taiwan-semiconductor-manufacturing-co” target=”_blank”>Taiwan Semiconductor Manufacturing Co, one of Lam’s biggest customers, to ramp up orders. This surge is benefiting equipment suppliers such as Lam as well.
Lam posted revenue of $4.72…
