Lam Research, whose etch and deposition tools are used to make AI chips, said its board had approved a new share repurchase authorization of $25 billion, on top of the remaining balance of its prior buyback
Lam Research Corporation announced on November 5, 2026, that its Board of Directors approved a $25 billion share repurchase authorization. This authorization supplements the remaining balances from the prior authorization. The company is authorized to repurchase up to $25 billion of common stock.
Verified 2026-11-08
Track with InsiderWhy it matters
A buyback this size signals that chip-equipment makers expect AI-driven cash generation to stay strong for years and plan to hand much of it back to shareholders.
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