Micron announced Tuesday it will invest $40 billion between now and 2030 to manufacture chips in the U.S.

The CHIPS and Science Act aims to revitalize domestic chip manufacturing and boost U.S.

The CHIPS Act also spurred Qualcomm to commit to spending an additional $4.2 billion on chips from GlobalFoundries' New York facility.

Likewise, Intel in January announced plans to invest up to $100 billion to build a new chip complex in Ohio, starting with an initial $20 billion commitment.