10 AI News Investors Shouldn’t Miss

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8. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 58

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor stock that offers semiconductor equipment and services used in the making of integrated circuits. On December 10, the company introduced the industry’s first collaborative robot (cobot) for optimizing maintenance on semiconductors and increasing efficiency. Dextro is already being used in multiple advanced wafer fabs around the world to reduce downtime and production variability.

“Dextro is an exciting leap forward in semiconductor manufacturing equipment maintenance. Built to work side-by-side with fab engineers, it executes complex maintenance tasks with precision and repeatability that are beyond human capability alone, enabling higher tool uptime and manufacturing yield,” said Chris Carter, group vice president of the Customer Support Business Group at Lam Research. “It is a powerful addition to Lam’s extensive portfolio of tools and services designed to help chipmakers optimize their fabs for cost and productivity”.

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