Lam Research, a supplier of wafer-fabrication equipment for the semiconductor industry that, like many tech players, has been laying off workers in recent months, has made a major move with its office footprint-and it's not a reduction in space.
Instead, Fremont-based Lam has spent $250M to purchase five office and research buildings it has been leasing, including three buildings in Fremont and two buildings in Livermore.
The Fremont buildings, located at 4300, 4550 and 4650 Cushing Parkway, were acquired for a combined $195.8M, according to a report in SiliconValley.com based on Alameda County records.
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