08:51 AM EDT, 07/20/2026 (MT Newswires) -- Technology stocks were edging higher premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) slightly advancing and the State Street SPDR S&P Semiconductor ETF (XSD) up 1.9%.

Taiwan Semiconductor Manufacturing ( TSM ) is accelerating the expansion of its Arizona chip manufacturing operations to capitalize on a multi-year artificial intelligence demand trend, Chief Financial Officer Wendell Huang said in an interview with CNBC. Shares of Taiwan Semiconductor Manufacturing ( TSM ) were up more than 2% pre-bell.