Lam Research Posts Record $8.22 Billion Quarter as China Share Rebounds

Lam Research's China share rebounded to 35% of sales in its September quarter as the semiconductor-equipment maker posted record revenue, even as U.S. export licensing limits continued to weigh on its business. Revenue for the quarter ended Sept. 27 reached $8.219 billion, a record. The total compared with $6.722 billion in the June period and $5.324 billion a year earlier, representing a 22% sequential increase. Lam's quarterly revenue record included sales across several Asian markets. China accounted for 35% of revenue, up from 26% in the June quarter but below 43% a year earlier.

Source: TokenPost