Lam Research and Montage Technology report growth amid AI chip demand

Lam Research is experiencing significant growth driven by the semiconductor cycle and demand for AI-capable logic and memory chips. The company reported FY2026 revenue of $22.23 billion, a 26% increase, with net profit rising 35.6% to $7.27 billion. Management has raised its forecast for global wafer fabrication equipment investment for 2026 to approximately $140 billion, representing a 27% year-over-year growth.

In the interconnect chip sector, Montage Technology reported strong first-half results with revenue of 3.335 billion yuan, up 26.7% year-over-year. The company has successfully introduced its CXL 3.2 MXC chips to major memory module manufacturers, including Samsung and SK hynix. Additionally, Montage Technology expects to complete engineering sample tape-outs for its PCIe Switch chips within the year to support data centers and AI acceleration.