US EditionLam Research Announces Leadership Transitions to Increase Company Velocity for the AI Era
Dr. Anirudh Devgan brings AI and semiconductor design expertise to Lam Research’s board to enhance innovation in advanced chip manufacturing.
- From Fremont, Calif., Lam Research announced on Feb. 3, 2026, that Dr. Anirudh Devgan has joined its board of directors, according to the company's press release.
- Lam said it tapped Dr. Anirudh Devgan to bring deep semiconductor ecosystem and technology expertise as it seeks AI and computational advantages, linking his leadership to efforts to enable the AI era.
- A longtime EDA leader, Devgan holds 27 U.S. patents and has served in senior roles at Cadence since 2012, including president and CEO.
- Lam said the hire should boost operations and innovation, tying the appointment to accelerating business velocity and enabling the AI era, while cautioning these are forward-looking statements subject to safe-harbor provisions.
- Cadence's AI-driven design work under Devgan and Lam's tools in nearly every advanced chip position him to influence chip design and supply chains via his industry board roles.
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Lam Research Appoints Cadence CEO Anirudh Devgan to Board of Directors
FREMONT, Calif., Feb. 3, 2026 /PRNewswire/ -- Lam Research Corp. (NASDAQ: LRCX) today announced that Dr. Anirudh Devgan has joined its board of directors. Dr. Devgan, who currently serves as president and chief executive officer (CEO) of Cadence Design Systems,…
Lam Research stock price slips 3%: LRCX traders eye COO handover and new board pick
NEW YORK, February 3, 2026, 19:12 (EST) — After-hours. Shares of Lam Research slid 3.1% to $230.10 in Tuesday’s regular session and were little changed in after-hours trade. The stock touched an intraday low of $226.88. In an 8-K — a form companies use to disclose major events — filed with the U.S. Securities and Exchange Commission, the company said it appointed Cadence Design Systems CEO Anirudh Devgan to its board and set a March 6 handover f…
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