Lam Research (LRCX) slips after report China tightens “50% domestic tools” push
NEW YORK, December 30, 2025, 17:52 ET — After-hours Lam Research shares were last down 1.2% at $173.78 in after-hours trading on Tuesday, after ranging between $173.51 and $177.26 in the regular session. Applied Materials fell 1.2% and KLA slipped 1.3%, while Dutch rival ASML rose about 0.6%. The move followed a Reuters report that China is requiring chipmakers to use at least 50% domestically made equipment when building or expanding capacity — a shift that could squeeze foreign tool suppliers. The report said the policy is being enforced through procurement tenders tied to state approvals and is already nudging