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

Lam Research, a semiconductor equipment supplier, announced a $10B share repurchase authorization and a 10-for-1 stock split. The buyback aims to return 75-100% of free cash flow to stockholders, while the split will enable a larger proportion of employees to participate in stock plans. Lam's shares gained 4.2% in premarket trading following the announcement.