US Stock Market Move | Chip stocks are generally up, Intel Corporation (INTC.US) rose more than 10%.

On Monday, the concept of chip semiconductors saw a general rise, with Intel Corporation (INTC.US) gaining over 10%, ASML Holding NV ADR (ASML.US) up over 6%, Advanced Micro Devices Inc. (AMD.US) up over 4%, Broadcom Inc. (AVGO.US), and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) up over 3%. In terms of news, it has been reported that several major AI chip design companies, including Alphabet Inc. Class C and NVIDIA Corporation, have quietly begun to include Intel Corporation as an alternative foundry option. Alphabet Inc. Class C has officially placed an order with Intel Corporation for over 3 million tensor processing units (TPU) to be produced by the year 2028. Intel Corporation's Chief Financial Officer David Zinsner stated during the April earnings call that the demand for advanced packaging business has jumped from a previously expected level of hundreds of millions of dollars to a scale of billions of dollars annually.