Lam Research opens $65 million office building in Oregon

TUALATIN, Ore. - Lam Research Corp. (NASDAQ:LRCX) opened a new $65 million office building at its Tualatin, Oregon campus on Friday, expanding its presence in the region where it has operated for over three decades. The semiconductor equipment manufacturer, with a substantial market capitalization of $177.5 billion, has demonstrated impressive financial strength with a 92.9% total return over the past year.

The four-story, 120,000-square-foot facility, called Building G, provides up to 700 workspaces for current and future employees at the company’s research and development operations. The expansion is part of Lam’s multi-year strategy to enhance its facilities near customers in preparation for projected semiconductor industry growth. According to InvestingPro, Lam’s strategic investments are backed by strong fundamentals, including 25.66% revenue growth in the last twelve months and a healthy current ratio of 2.21, indicating the company’s liquid assets comfortably exceed its short-term obligations.

Oregon State Senate President Robert Wagner, representatives from Governor Tina Kotek and Congresswoman Andrea Salinas’ offices, and local government, business, and academic leaders attended the ribbon-cutting ceremony.

"Our continuing growth in the Silicon Forest demonstrates our commitment to our customers, employees, and the communities in which we operate," said Sesha Varadarajan, senior vice president of Global Products Group at Lam Research, who led the ceremony.

Senate President Wagner noted that Lam is "on the cutting edge of delivering atomic-scale manufacturing advancements essential for the future of computing, robotics, AI, and more."

Lam Research, a global supplier of semiconductor fabrication equipment, established its first Oregon location in the late 1990s and has since expanded to facilities in Hillsboro, Sherwood, and Tualatin. The company’s Tualatin team has developed several innovations in semiconductor fabrication processes and tools, including the SABRE copper plating product. As a prominent player in the Semiconductors & Semiconductor Equipment industry, Lam trades at a low P/E ratio relative to its near-term earnings growth, with a PEG ratio of just 0.65 according to InvestingPro data.

The new building and plans for future expansion of Lam’s Tualatin lab are intended to support the company’s research and development capabilities as the semiconductor industry approaches what is expected to be a $1 trillion market in coming years, according to the press release statement. Lam has consistently rewarded shareholders during its growth journey, having raised its dividend for 12 consecutive years while maintaining a 69.36% price return over the past six months. Investors seeking comprehensive analysis of Lam Research and 1,400+ other top stocks can access detailed Pro Research Reports through InvestingPro, which transform complex Wall Street data into clear, actionable intelligence for smarter investing decisions.

In other recent news, Lam Research Corporation announced a quarterly dividend of $0.26 per share, scheduled for payment on January 7, 2026, to shareholders of record as of December 3, 2025. The company’s Board of Directors will continue to review and approve future dividend payments. Analysts have shown increased confidence in Lam Research, with TD Cowen raising its price target to $170 from $145, citing strong demand from China for front-end and logic equipment. Cantor Fitzgerald maintained an Overweight rating and a $170 price target, highlighting Lam’s resilience despite $200 million in headwinds due to export restrictions. Cantor Fitzgerald projects Lam’s 2025 earnings per share to be $4.80, surpassing the consensus estimate of $4.60. Bernstein SocGen Group also raised its price target to $170 from $105, maintaining an Outperform rating, reflecting optimism about the growth of wafer fabrication equipment. Bernstein noted Lam Research’s favorable positioning in key industry areas such as GAA, packaging, HBM, and NAND upgrades. These developments suggest a positive outlook for Lam Research among analysts and investors.

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