Lam Research announces $10B share repurchase and 10-for-1 stock split

LAM RESEARCH CORP

$10B share repurchase authorization with no termination date; supplements prior authorization.
10-for-1 stock split effective after market close Oct 2, 2024; trading on split-adjusted basis Oct 3.
Split intended to enable broader employee participation in Lam's equity plans.
Buyback aligns with plan to return 75%-100% of free cash flow to stockholders.

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