01:42 PM EDT, 06/11/2024 (MT Newswires) -- Tech stocks were mixed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.1%.

The Philadelphia Semiconductor index fell 0.6%.

The Biden administration is considering additional restrictions on China's access to chip technology used for artificial intelligence, Bloomberg reported. The new restrictions will limit China's ability to use gate all-around chip architecture and are aimed at increasing the difficulty of assembling systems for building and operating AI models, the report said.

In corporate news, Apple ( AAPL ) shares jumped 6.2%, a day after the company announced a partnership with OpenAI along with several new products.