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Lam Research Corporation Reports Financial Results for the Quarter Ended March 30, 2025

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FREMONT, Calif., April 23, 2025 /PRNewswire/ — Lam Research Corporation (the “Company,” “Lam,” “Lam Research”) today announced financial results for the quarter ended March 30, 2025 (the “March 2025 quarter”).

Highlights for the March 2025 quarter were as follows:

Revenue of $4.72 billion.U.S. GAAP gross margin of 49.0%, U.S. GAAP operating income as a percentage of revenue of 33.1%, and U.S. GAAP diluted EPS of $1.03.Non-GAAP gross margin of 49.0%, non-GAAP operating income as a percentage of revenue of 32.8%, and non-GAAP diluted EPS of $1.04.

Key Financial Data for the Quarters Ended

March 30, 2025 and December 29, 2024

(in thousands, except per-share data, percentages, and basis points) 

 

U.S. GAAP

March 2025

December 2024

Change Q/Q

Revenue

$                4,720,175

$                4,376,047

+ 8 %

Gross margin as percentage of revenue

49.0 %

47.4 %

+ 160 bps

Operating income as percentage of revenue

33.1 %

30.5 %

+ 260 bps

Diluted EPS

$                          1.03

$                          0.92

+ 12 %

Non-GAAP

March 2025

December 2024

Change Q/Q

Revenue

$                4,720,175

$                4,376,047

+ 8 %

Gross margin as percentage of revenue

49.0 %

47.5 %

+ 150 bps

Operating income as percentage of revenue

32.8 %

30.7 %

+ 210 bps

Diluted EPS

$                          1.04

$                          0.91

+ 14 %

 

U.S. GAAP Financial Results

For the March 2025 quarter, revenue was $4,720 million, gross margin was $2,314 million, or 49.0% of revenue, operating expenses were $752 million, operating income was 33.1% of revenue, and net income was $1,331 million, or $1.03 per diluted share on a U.S. GAAP basis. This compares to revenue of $4,376 million, gross margin of $2,073 million, or 47.4% of revenue, operating expenses of $739 million, operating income of 30.5% of revenue, and net income of $1,191 million, or $0.92 per diluted share, for the quarter ended December 29, 2024 (the “December 2024 quarter”).

Non-GAAP Financial Results

For the March 2025 quarter, non-GAAP gross margin was $2,312 million, or 49.0% of revenue, non-GAAP operating expenses were $763 million, non-GAAP operating income was 32.8% of revenue, and non-GAAP net income was $1,336 million, or $1.04 per diluted share. This compares to non-GAAP gross margin of $2,077 million, or 47.5% of revenue, non-GAAP operating expenses of $735 million, non-GAAP operating income of 30.7% of revenue, and non-GAAP net income of $1,175 million, or $0.91 per diluted share, for the December 2024 quarter.

“Lam’s portfolio is the most compelling it’s ever been, driving opportunities to expand our addressable market, gain share, and deliver innovative services as deposition and etch intensity increases in the production of advanced semiconductors,” said Tim Archer, Lam Research’s President and Chief Executive Officer. “Our outlook remains strong even as we address near-term tariff-related uncertainty, and we are highly confident in our ability to outperform semiconductor industry growth in the years to come.”

Balance Sheet and Cash Flow Results

Cash, cash equivalents, and restricted cash balances decreased to $5.5 billion at the end of the March 2025 quarter compared to $5.7 billion at the end of the December 2024 quarter. The decrease was primarily the result of cash deployed for capital return activities, principal payment on debt instruments, and capital expenditures during the quarter, partially offset by cash generated from operating activities.

Deferred revenue at the end of the March 2025 quarter decreased to $2,011 million compared to $2,032 million as of the end of the December 2024 quarter. Lam’s deferred revenue balance does not include shipments to customers in Japan, to whom control does not transfer until customer acceptance. Shipments to customers in Japan are classified as inventory at cost until the time of acceptance. The estimated future revenue from shipments to customers in Japan was approximately $587 million as of March 30, 2025 and $453 million as of December 29, 2024.

Revenue

The geographic distribution of revenue during the March 2025 quarter is shown in the following table:

Region

Revenue

China

31 %

Korea

24 %

Taiwan

24 %

Japan

10 %

United States

4 %

Southeast Asia

4 %

Europe

3 %

The following table presents revenue disaggregated between system and customer support-related revenue:

Three Months Ended

March 30,
2025

December 29,
2024

March 31,
2024

(In thousands)

Systems revenue

$              3,035,276

$              2,625,649

$              2,395,817

Customer support-related revenue and other

1,684,899

1,750,398

1,397,741

$              4,720,175

$              4,376,047

$              3,793,558

 

Systems revenue includes sales of new leading-edge equipment in deposition, etch, clean and other wafer fabrication markets.

Customer support-related revenue includes sales of customer service, spares, upgrades, and non-leading-edge equipment from our Reliant® product line.

Outlook

For the quarter ended June 29, 2025, Lam is providing the following guidance: 

U.S. GAAP

Reconciling
Items

Non-GAAP

Revenue

$5.00 Billion

+/-

$300 Million

$5.00 Billion

+/-

$300 Million

Gross margin as a percentage of revenue

49.4 %

+/-

1 %

$   2.7

Million

49.5 %

+/-

1 %

Operating income as a percentage of revenue

33.4 %

+/-

1 %

$   3.2

Million

33.5 %

+/-

1 %

Net income per diluted share

$1.20

+/-

$0.10

$   3.7

Million

$1.20

+/-

$0.10

Diluted share count

1.28 Billion

1.28 Billion

 

The information provided above is only an estimate of what the Company believes is realizable as of the date of this release and does not incorporate the potential impact of any business combinations, asset acquisitions, divestitures, restructuring, balance sheet valuation adjustments, financing arrangements, other investments, or other significant arrangements that may be completed or realized after the date of this release, except as described below. U.S. GAAP to non-GAAP reconciling items provided include only those items that are known and can be estimated as of the date of this release. Actual results will vary from this model and the variations may be material. Reconciling items included above are as follows:

Gross margin as a percentage of revenue – amortization related to intangible assets acquired through business combinations, $2.7 million.Operating income as a percentage of revenue – amortization related to intangible assets acquired through business combinations, $3.2 million.Net income per diluted share – amortization related to intangible assets acquired though business combinations, $3.2 million; amortization of debt discounts, $0.7 million; and associated tax benefit for non-GAAP items ($0.2 million); totaling $3.7 million.

Use of Non-GAAP Financial Results

In addition to U.S. GAAP results, this press release also contains non-GAAP financial results. The Company’s non-GAAP results for both the March 2025 and December 2024 quarters exclude amortization related to intangible assets acquired through business combinations, the effects of elective deferred compensation-related assets and liabilities, amortization of note discounts, and the net income tax effect of non-GAAP items. Additionally, the non-GAAP results for the December 2024 quarter exclude the income tax benefit from a change in tax law.

Management uses non-GAAP gross margin, operating expense, operating income, operating income as a percentage of revenue, net income, and net income per diluted share to evaluate the Company’s operating and financial results. The Company believes the presentation of non-GAAP results is useful to investors for analyzing business trends and comparing performance to prior periods, along with enhancing investors’ ability to view the Company’s results from management’s perspective. Tables presenting reconciliations of non-GAAP results to U.S. GAAP results are included at the end of this press release and on the Company’s website at https://investor.lamresearch.com.

Caution Regarding Forward-Looking Statements
Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: our outlook and guidance for future financial results, including revenue, gross margin, operating income and net income; our opportunities, including with respect to our addressable market, share and delivery of services; trends with respect to deposition and etch intensity in semiconductor production; the strength of our outlook; our ability to address the impacts of tariff-related uncertainty; the duration of tariff-related uncertainty; our confidence in our outlook; our relative performance compared the future performance of the industry; and the prospects for future industry growth. Some factors that may affect these forward-looking statements include: business, economic, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; trade regulations, export controls, tariffs, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; supply chain cost increases, tariffs and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K for the fiscal year ended June 30, 2024, and our quarterly report on Form 10-Q for the fiscal quarter ended December 29, 2024. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. (LRCX)

Consolidated Financial Tables Follow.

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data and percentages)

(unaudited) 

Three Months Ended

Nine Months Ended

March 30,
2025

December 29,
2024

March 31,
2024

March 30,
2025

March 31,
2024

Revenue

$   4,720,175

$   4,376,047

$   3,793,558

$ 13,264,198

$  11,033,879

Cost of goods sold

2,406,489

2,303,066

1,977,820

6,874,848

5,783,087

Restructuring charges, net – cost of goods sold

15,202

38,099

Total cost of goods sold

2,406,489

2,303,066

1,993,022

6,874,848

5,821,186

Gross margin

2,313,686

2,072,981

1,800,536

6,389,350

5,212,693

Gross margin as a percent of revenue

49.0 %

47.4 %

47.5 %

48.2 %

47.2 %

Research and development

525,904

494,947

512,274

1,516,209

1,404,615

Selling, general and administrative

226,023

244,150

215,904

713,301

651,770

Restructuring charges, net – operating expenses

15,246

18,955

Total operating expenses

751,927

739,097

743,424

2,229,510

2,075,340

Operating income

1,561,759

1,333,884

1,057,112

4,159,840

3,137,353

Operating income as a percent of revenue

33.1 %

30.5 %

27.9 %

31.4 %

28.4 %

Other income (expense), net

(25,035)

14,262

36,073

19,308

68,513

Income before income taxes

1,536,724

1,348,146

1,093,185

4,179,148

3,205,866

Income tax expense

(206,057)

(157,128)

(127,359)

(541,019)

(398,376)

Net income

$   1,330,667

$   1,191,018

$      965,826

$   3,638,129

$  2,807,490

Net income per share:

Basic

$             1.04

$             0.93

$             0.74

$             2.82

$            2.13

Diluted

$             1.03

$             0.92

$             0.73

$             2.81

$            2.12

Number of shares used in per share calculations:

Basic

1,283,779

1,287,109

1,308,382

1,290,041

1,316,627

Diluted

1,288,100

1,291,469

1,315,178

1,294,545

1,322,819

Cash dividend declared per common share

$             0.23

$             0.23

$             0.20

$             0.69

$            0.60

 

 LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

March 30,
2025

December 29,
2024

June 30,
2024

(unaudited)

(unaudited)

(1)

ASSETS

Cash and cash equivalents

$         5,450,718

$         5,665,379

$         5,847,856

Accounts receivable, net

3,228,182

3,304,946

2,519,250

Inventories

4,463,275

4,358,152

4,217,924

Prepaid expenses and other current assets

318,147

284,370

298,190

Total current assets

13,460,322

13,612,847

12,883,220

Property and equipment, net

2,372,203

2,313,590

2,154,518

Goodwill and intangible assets

1,795,248

1,761,021

1,765,073

Other assets

2,340,537

2,152,458

1,941,917

Total assets

$       19,968,310

$       19,839,916

$       18,744,728

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current portion of long-term debt and finance lease obligations

$            754,306

$            504,136

$            504,814

Other current liabilities

4,735,539

4,846,160

3,833,624

Total current liabilities

5,489,845

5,350,296

4,338,438

Long-term debt and finance lease obligations

3,730,034

4,478,148

4,478,520

Income taxes payable

690,660

669,747

813,304

Other long-term liabilities

546,666

533,699

575,012

Total liabilities

10,457,205

11,031,890

10,205,274

Stockholders’ equity (2)

9,511,105

8,808,026

8,539,454

Total liabilities and stockholders’ equity

$       19,968,310

$       19,839,916

$       18,744,728

(1)

Derived from audited financial statements.

(2)

Common shares issued and outstanding were 1,282,957 as of March 30, 2025, 1,284,956 as of December 29, 2024, and 1,303,769 as of June 30, 2024.

 

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited)

Three Months Ended

Nine Months Ended

March 30,
2025

December 29,
2024

March 31,
2024

March 30,
2025

March 31,
2024

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$         1,330,667

$         1,191,018

$            965,826

$         3,638,129

$         2,807,490

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

97,343

96,200

89,922

287,838

271,342

Deferred income taxes

(19,992)

(82,854)

(24,621)

(211,568)

(137,606)

Equity-based compensation expense

87,115

81,959

76,854

249,085

213,966

Other, net

1,654

(8,592)

10,210

(7,395)

14,242

Changes in operating assets and liabilities

(188,124)

(535,789)

266,645

(337,013)

620,405

Net cash provided by operating activities

1,308,663

741,942

1,384,836

3,619,076

3,789,839

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures and intangible assets

(288,058)

(188,349)

(103,654)

(586,995)

(295,922)

Net maturities and sales of available-for-sale securities

14,650

37,766

Other, net

(4,857)

12,974

(3,356)

8,154

(10,845)

Net cash used for investing activities

(292,915)

(175,375)

(92,360)

(578,841)

(269,001)

CASH FLOWS FROM FINANCING ACTIVITIES:

Principal payments on debt, including finance lease
obligations and payments for debt issuance costs

(504,037)

(1,032)

(1,060)

(506,003)

(255,155)

Treasury stock purchases, including excise tax payments

(435,321)

(697,688)

(980,561)

(2,130,044)

(2,469,257)

Dividends paid

(295,716)

(297,634)

(262,707)

(854,335)

(757,453)

Reissuance of treasury stock related to employee stock purchase plan

60,557

60,557

53,081

Proceeds from issuance of common stock, net issuance costs

1,993

(194)

8,235

1,756

12,757

Other, net

526

761

300

963

(5,672)

Net cash used for financing activities

(1,232,555)

(935,230)

(1,235,793)

(3,427,106)

(3,421,699)

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

2,380

(26,022)

(8,452)

(960)

(12,758)

Net change in cash, cash equivalents, and restricted cash

(214,427)

(394,685)

48,231

(387,831)

86,381

Cash, cash equivalents, and restricted cash at beginning of period (1)

5,677,399

6,072,084

5,625,522

5,850,803

5,587,372

Cash, cash equivalents, and restricted cash at end of period (1)

$         5,462,972

$         5,677,399

$         5,673,753

$         5,462,972

$         5,673,753

(1)

Restricted cash is reported within Other assets in the Condensed Consolidated Balance Sheets

 

Non-GAAP Financial Summary

(in thousands, except percentages and per share data)

(unaudited)

Three Months Ended

March 30,
2025

December 29,
2024

Revenue

$        4,720,175

$        4,376,047

Gross margin

$        2,312,391

$        2,077,151

Gross margin as percentage of revenue

49.0 %

47.5 %

Operating expenses

$           763,336

$           734,501

Operating income

$        1,549,055

$        1,342,650

Operating income as a percentage of revenue

32.8 %

30.7 %

Net income

$        1,336,006

$        1,175,000

Net income per diluted share

$                 1.04

$                 0.91

Shares used in per share calculation – diluted

1,288,100

1,291,469

 

Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income

(in thousands, except per share data)

(unaudited) 

Three Months Ended

March 30,
2025

December 29,
2024

U.S. GAAP net income

$           1,330,667

$           1,191,018

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations – cost of goods sold

2,687

2,817

Elective deferred compensation (“EDC”) related liability valuation (decrease) increase – cost of goods sold

(3,982)

1,353

EDC related liability valuation (decrease) increase – research and development

(7,168)

2,432

Amortization related to intangible assets acquired through certain business combinations – selling, general and
administrative

538

538

EDC related liability valuation (decrease) increase – selling, general and administrative

(4,779)

1,626

Amortization of note discounts – other income (expense), net

759

772

Loss (gain) on EDC related asset – other income (expense), net

16,903

(4,502)

Net income tax expense (benefit) on non-GAAP items

381

(276)

Income tax benefit from a change in tax law

(20,778)

Non-GAAP net income

$           1,336,006

$           1,175,000

Non-GAAP net income per diluted share

$                    1.04

$                    0.91

U.S. GAAP net income per diluted share

$                    1.03

$                    0.92

U.S. GAAP and non-GAAP number of shares used for per diluted share calculation

1,288,100

1,291,469

 

Reconciliation of U.S. GAAP Gross Margin, Operating Expenses and Operating Income to Non-GAAP Gross Margin,
Operating Expenses and Operating Income

(in thousands, except percentages)

(unaudited) 

Three Months Ended

March 30,
2025

December 29,
2024

U.S. GAAP gross margin

$        2,313,686

$        2,072,981

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

2,687

2,817

EDC related liability valuation (decrease) increase

(3,982)

1,353

Non-GAAP gross margin

$        2,312,391

$        2,077,151

U.S. GAAP gross margin as a percentage of revenue

49.0 %

47.4 %

Non-GAAP gross margin as a percentage of revenue

49.0 %

47.5 %

U.S. GAAP operating expenses

$           751,927

$           739,097

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

(538)

(538)

EDC related liability valuation decrease (increase)

11,947

(4,058)

Non-GAAP operating expenses

$           763,336

$           734,501

U.S. GAAP operating income

$        1,561,759

$        1,333,884

Non-GAAP operating income

$        1,549,055

$        1,342,650

U.S. GAAP operating income as percent of revenue

33.1 %

30.5 %

Non-GAAP operating income as a percent of revenue

32.8 %

30.7 %

 

Lam Research Corporation Contacts:
Ram Ganesh, Investor Relations, phone: 510-572-1615, e-mail: investor.relations@lamresearch.com

View original content:https://www.prnewswire.com/news-releases/lam-research-corporation-reports-financial-results-for-the-quarter-ended-march-30-2025-302436137.html

SOURCE Lam Research Corporation

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Technology

Yiren Digital Accelerates Operating Efficiency Through AI Agent Deployment

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Broader AI adoption improves productivity across asset recovery and enterprise operations

BEIJING, July 23, 2026 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced measurable operating efficiency improvements as it continues to deploy AI agents across core enterprise workflows. Broader AI adoption is reducing manual intervention, increasing workforce productivity and creating greater operating leverage by automating high-volume processes across multiple business functions.

These deployments are a key component of Yiren Digital’s “All-in-AI” strategy and its broader transition from AI-assisted productivity toward agent-driven execution. By embedding AI agents into core workflows, the Company is creating reusable operating capabilities that can be deployed across its businesses, supporting greater efficiency and reducing the cost of extending automation into new functions.

“Our objective is not simply to automate individual tasks, but to fundamentally improve how work is performed across the enterprise,” said Mr. Ning Tang, Chairman and Chief Executive Officer of Yiren Digital. “As AI agents take on more of our high-volume, demanding workflows, the productivity gains are becoming a structural part of how we run the business, not a one-time efficiency project. We will continue to deepen AI integration across our existing businesses while extending reusable capabilities into additional verticals.”

The AI deployments are supported by the Company’s proprietary enterprise AI architecture, including MagiCube 2.0, its upgraded multi-agent platform. The platform provides common infrastructure for agents deployed across marketing, customer service, capital operations, risk management, compliance and research and development, with more than 10 reusable foundational capabilities, supporting enterprise-wide execution.

Measurable Operating Impact

Lower manual intervention: The human handling rate in asset-recovery operations decreased from 45.0% to 24.9%, representing a 20.1-percentage-point decline, an approximately 44.6% relative reduction in manual intervention.

Higher staff productivity: The number of service tickets handled per asset-recovery staff member within the applicable Month 1 workflow increased from 358 to 525, an improvement of approximately 47%.

Expanded agent adoption: AI agents accounted for 81% of service tickets within eligible Day 1 asset-recovery workflows in 2025, up from 50% in 2024. The Company also deployed AI agents selectively in later-stage workflows, accounting for 20% of eligible service tickets at Day 4, 14% at Day 16 and 20% at Month 2. Each percentage is calculated separately for the relevant stage and should not be interpreted as a sequential adoption trend.

Enterprise-wide reuse: MagiCube 2.0 supports agent deployment across six enterprise functions, allowing the Company to apply common AI capabilities to a broader range of regulated and high-volume workflows.

Enterprise-scale AI execution: The Fengchao AI voice agent processes approximately 1,500 hours of real-time speech-to-text activity each day. The LingShu intelligent marketing platform executes more than 1,700 tasks daily and generates individualized communication content in an average of 0.6 seconds.

Building Enterprise Operating Leverage Through AI

As AI deployment expands across the enterprise, Yiren Digital is increasingly shifting repetitive, high-volume tasks from human-assisted processes toward agent-driven execution. By combining AI agents with centralized orchestration and governance, the Company is improving operating consistency, strengthening workforce productivity and creating reusable capabilities that increase operating leverage as AI is deployed across additional business functions.

Yiren Digital plans to continue expanding agent-driven workflows across its credit and insurance operations, as part of its ongoing All-in-AI strategy, while strengthening the shared architecture and governance that support enterprise-wide AI deployment. These capabilities are designed to scale across multiple use cases and provide a foundation for the Company’s broader expansion into AI application-layer opportunities, including AI entertainment and AI-assisted language learning.

About Yiren Digital

Yiren Digital Ltd. is a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets. The Company leverages advanced artificial intelligence and emerging technologies to enhance customer experience, optimize capital efficiency, and expand financial inclusion. Following the regulatory filing of its in-house developed Large Language Model Zhiyu, and the significant enhancement of its MagiCube Agent platform, Yiren Digital is establishing a new growth engine to accelerate its evolution into an AI-native, multi-industry operating platform extending beyond traditional financial services. For more information, please visit https://ir.yiren.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident,” and similar expressions. Forward-looking statements are based on management’s current expectations, assumptions, and assessments of current market and operating conditions. These statements involve inherent risks, uncertainties, and other factors, many of which are outside the control of the Company, and which could cause actual results to differ materially from those expressed or implied in such statements. Actual results may differ materially from those expressed or implied in forward-looking statements due to a variety of factors and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company undertakes no, and expressly disclaims any, obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/yiren-digital-accelerates-operating-efficiency-through-ai-agent-deployment-302833201.html

SOURCE Yiren Digital Ltd.

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Infinium Edge Launches EdgeSites™, a New Infrastructure Model for Deploying AI Compute at Existing Commercial and Industrial Facilities

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EdgeSites delivers operational AI infrastructure in existing powered buildings — factory-built data center modules, waterless cooling, and ready in months without new construction or grid interconnection required.

SACRAMENTO, Calif., July 23, 2026 /PRNewswire/ — Infinium Edge™ today announced Infinium EdgeSites™, a development program that utilizes existing commercial and industrial facilities to deploy operational AI compute infrastructure. Built around Infinium Edge’s proprietary Edge Thermal Vectoring™ immersion cooling platform, EdgeSites enables high-density GPU deployments in existing buildings that were never designed as data centers — without new construction, without cooling water infrastructure, and without the multi-year grid interconnection timelines that constrain conventional large-scale data center development.

More than 20 million commercial and industrial electricity customers in the US are served by electrical infrastructure sized to peak demand – which industry research shows are utilized at only 40-60% on average. That unused headroom, capacity already contracted, energized, and sitting behind the meter, can support high-density AI compute without adding new load to the grid or waiting on a new interconnection.

At the center of the program is the Vector ONE™ — Edge’s factory-built, self-contained immersion cooling system designed to house 1 MW of AI compute capacity. Vector ONE units are engineered for deployment in standard commercial and industrial buildings, either indoors or outdoors, arriving pre-integrated, fully commissioned and require no municipal water connection. Installations are modular and scalable: additional units can be commissioned as site power and demand allow, without rebuilding the underlying infrastructure and occupy up to 70% less floor space than air-cooled equivalents.

Built for the Shift to Inference

As inference moves to displace training as the dominant AI workload, the growth opportunity is shifting towards small, distributed data centers that can be deployed quickly and sited where demand originates. Conventional data center developments are under compounding pressure from long utility interconnection queues, sometimes lasting years, pressure around water use, and general community and regulatory opposition enacting restrictions. Community opposition and regulatory friction delayed or blocked an estimated $156 billion in planned U.S. data center capacity in 2025 alone.

EdgeSites is purpose-built for the structural shift to inference and addresses key issues stalling conventional data center developments today. Each Vector ONE unit delivers 1 MW of inference-ready capacity inside an existing building, in a market that already has established electrical infrastructure, in a timeline measured in months rather than years. Multiple units can be used in tandem to deploy up to 10 MW of capacity at a single site.  The program converts the distributed inventory of underutilized industrial or commercial electrical capacity in the United States into a nationally scaled inference network. Vector ONE’s dry-cooler loop consumes no municipal water, making EdgeSites viable in markets where evaporative cooling has been restricted or banned.

“The data center industry has been answering an infrastructure shortage with a construction playbook — build new facilities, secure new grid connections, wait years for capacity to come online,” said Robert Schuetzle, CEO of Infinium. “That model cannot keep pace with AI deployment timelines. Infinium EdgeSites operate around different premises: the power already exists, the buildings already exist, and the technology now exists to put them to work. We are making operational what the industry has been treating as stranded.”

Deploying EdgeSites

As demand for AI compute continues to outpace available infrastructure and focuses on distributed inference needs, Infinium Edge is expanding the EdgeSites network with qualified host locations and compute partners.

Commercial and industrial property owners of industrial sites, distribution centers, warehouses, or large commercial properties with available electrical capacity benefit from receiving lease income from infrastructure they already own or control. Infinium Edge manages all aspects of site development and operations for installing and deploying the Vector ONE system. No capital investment or operational responsibility is required from the host.

AI companies, enterprises, and compute operators requiring infrastructure on compressed deployment timelines can access high-density, edge-proximate GPU capacity through a straightforward capacity agreement, priced by the kilowatt-month, with backup power included in the capacity fee. There is no construction to manage, no permitting process to navigate, and no cooling infrastructure to operate or maintain.

Infinium Edge manages the full program from development and installation to operation and monitoring— simplifying development and data center management for AI companies and enterprises.

Reach out to learn more and partner in EdgeSites deployments.

Inquiries: www.infinium.ai/edgesites

About Infinium Edge™
Infinium Edge™ is the advanced AI data center infrastructure platform from Infinium, delivering high-density, sustainable compute through proprietary single-phase immersion cooling technology. Infinium Edge is the only North American producer of Fischer-Tropsch immersion fluids and offers a full-stack platform — including Edge Thermal Vectoring™ platform, Vector ONE™ modular AI Factory units, ETV100 immersion fluids, and integrated monitoring systems — engineered for the thermal and operational demands of AI and high-performance computing at scale. For more information, visit www.infinium.ai.

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SOURCE Infinium

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ChipMOS SCHEDULES SECOND QUARTER 2026 FINANCIAL RESULTS SEMIANNUAL CONFERENCE CALL

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HSINCHU, July 23, 2026 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will report second quarter 2026 results and host a semiannual conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, August 11, 2026.

Investors and analysts are encouraged to participate in the semiannual conference call using the dial-in phone number noted below. A webcast and replay will be available on the Company’s website.

Date: Tuesday, August 11, 2026
Time: 3:00PM Taiwan (3:00AM New York)
Dial-In: +886-2-3396 1191
Password: 1637011 #

Semiannual Conference Call Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay: Starts Approximately 2 hours after the live call ends

Language: Mandarin

Note: A transcript will be provided on the Company’s website in English following the semiannual conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company’s most recent U.S. Securities and Exchange Commission (the “SEC”) filings. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

View original content:https://www.prnewswire.com/news-releases/chipmos-schedules-second-quarter-2026-financial-results-semiannual-conference-call-302831885.html

SOURCE ChipMOS TECHNOLOGIES INC.

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