Lam Research Corporation shares rise 1.55% intraday after OpenLight Photonics, Inc. received $34 million in funding, with Lam Research Capital participating.

Lam Research Corporation rose 1.55% intraday, with the company participating in a $34 million funding round for OpenLight Photonics, Inc. The funding round was led by Xora Innovation Pte. Ltd. and Capricorn Investment Group LLC, with other participants including Mayfield Fund, L.L.C., Lam Research Capital, New Legacy Group, LLC, K2 Access Fund, and returning investor, Juniper Networks, Inc. This investment aligns with Lam Research's strategic focus on advancing semiconductor technology and photonics, potentially driving future growth and innovation in the industry.