08:47 AM EDT, 06/04/2024 (MT Newswires) -- Technology stocks were flat to lower pre-bell Tuesday as the SPDR S&P Semiconductor ETF (XSD) was unchanged and the Technology Select Sector SPDR Fund (XLK) was recently down 0.4%.

Taiwan Semiconductor Manufacturing ( TSM ) considered relocating parts of its chip foundry business off the island amid rising tensions with China but finally determined that such a move would be impossible, Reuters reported, citing the company's chairman, C.C. Wei. Taiwan Semiconductor Manufacturing ( TSM ) was over 1% lower premarket.