Lam Research, one of the three biggest providers of chip manufacturing equipment in the US, plans to cut ~7% of its workforce, or about 1,300 jobs worldwide (Ian King/Bloomberg)

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Ian King / Bloomberg:
Lam Research, one of the three biggest providers of chip manufacturing equipment in the US, plans to cut ~7% of its workforce, or about 1,300 jobs worldwide  —  Lam Research Corp., one of the three biggest providers of chip-manufacturing equipment in the US, is cutting about 7% of its workforce to reduce expenses in a declining market.

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