July 31 (Reuters) - Chip-making tools supplier Lam

Research ( LRCX ) forecast September quarter revenue above Wall

Street estimates on Wednesday, anticipating a surge in orders

from chip firms amid the AI boom.

The surge in demand for AI-powered chips has increased

the need for wafer fabrication equipment, sophisticated and

expensive tools essential for chip manufacturing, benefiting

companies like Lam Research ( LRCX ).

The Fremont, California-based company forecast revenue for

the quarter ending September 29 to be between $4.05 billion plus

or minus $300 million, compared with analysts' average estimate

of $4.02 billion, according to LSEG data.

Lam Research ( LRCX ) competes with other major WFE suppliers

including Applied Materials ( AMAT ), Dutch firm ASML

and KLA Corp. ( KLAC )

Last week, KLA Corp ( KLAC ) forecast revenue and profit for its

fiscal first quarter above expectations after posting

better-than-expected results for the preceding three months.

The rising demand for high-performance computing and data

centers has also fueled the need for memory semiconductors like

dynamic random access memory (DRAM) and flash memory, which has

in turn benefited suppliers of chip-making tools.

Lam, which counts Intel ( INTC ), Micron Technology ( MU )

, Samsung Electronics ( SSNLF ) and TSMC among

its customers, forecast adjusted net income per share of $8 plus

or minus $0.75 for September quarter, in line with estimates.

Revenue for the quarter ended June 30 came in at $3.87

billion, beating analysts' average estimates of $3.82 billion.

Total revenue from China was 39% in the reported quarter,

down slightly from 42% in the prior quarter.

Its adjusted profit per share in the quarter was $8.14,

which also came ahead of the estimates of $7.58 per share.