Lam Research advances chip packaging with Semsysco acquisition
Sundry Photography/iStock Editorial via Getty Images                 

Lam Research (NASDAQ:LRCX) shares poppedÂ 2%Â Tuesday morning after the semiconductor company acquired Semsysco to expand its advanced packaging capabilities for chips and chiplets.
Financial terms of the agreement were not disclosed.
Semsysco is a global provider of wet processing semiconductor equipment. With this acquisition, Lam (LRCX) gains capabilities in advanced packaging, ideal for leading-edge logic chips and chiplet-based solutions for high-performance computing, AI and other data-intensive applications.
The company also gains a state-of-the-art R&D facility in Austria focused on next-generation substrates and heterogeneous packaging.

Â