Lam Research is trading 3.08% up at $277.60 after announcing a ₹10,000 crore India expansion.
- The plan includes its first Indian silicon-component manufacturing facility and expanded advanced R&D operations in Bengaluru.
- Semiconductor stocks are up 2.78% amid renewed AI optimism and industry developments.
- The India announcement is the clearest company-specific catalyst, while sector strength likely amplified the gain.