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0.000517795824930531 0.00116640322668562 -0.000686760778328877 -0.00213113860576666 -0.000926582002507247 -0.00554859105030799 -0.00554859105030799 -0.00554859105030799
Stock impact report

Why AMD, Applied Materials, and Lam Research Stocks All Tumbled Today [Yahoo! Finance]

Lam Research Corporation (LRCX) 
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
Company Research Source: Yahoo! Finance
Late last night, the South China Morning Post reported that semiconductor chip output in the Middle Kingdom surged 40% in the first quarter -- more than twice as fast as total global semiconductor sales, according to data from the Semi global semiconductor manufacturers association. Shares of leading chipmaker Advanced Micro Devices (NASDAQ: AMD) are down 4.5% through 2:10 p.m. ET. Lam Research (NASDAQ: LRCX) and Applied Materials (NASDAQ: AMAT) -- both builders of machines to make semiconductor chips -- are down 4.3% and 4.5%, respectively. Why China is important Chinese chipmakers are seeing "soaring" demand for their products from automobile companies (EVs especially) and smartphone manufacturers (such as Xiaomi). While slowing sales of EVs and smartphones dominate headlines in the West, the Post says Chinese EV sales grew 29% in Q1, and smartphone sales rose 17% -- and China's building its own chips to supply them. Denied access to advanced chips and chipmaking equipment b Show less Read more
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