Intel Corporation has announced a $100 billion spending initiative across four states in the United States, aimed at strengthening and expanding its chip manufacturing capabilities.

Intel embarks on $100 bn investment in US chip manufacturing expansion

Micron Technology, the leading US producer of computer memory semiconductors, witnessed a stock decline on Monday, marking its sharpest drop in two months. According to a Bloomberg report, the dip follows the company's announcement that it is incurring higher operational expenses than initially projected.

US chip maker Micron stock dips despite upbeat earnings forecast

Last week, the Senate approved $52 billion for production and research on semiconductors and telecommunications equipment.

US senators propose 25% tax credit for semiconductor manufacturing