03:34 PM EST, 01/06/2025 (MT Newswires) -- Tech stocks rose late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) advancing 1.2% and the SPDR S&P Semiconductor ETF (XSD) gaining 2.3%.

The Philadelphia Semiconductor index jumped 3.1%.

In corporate news, NXP Semiconductors ( NXPI ) expects 8% to 10% of revenue from India in the next three to five years, Reuters reported, citing NXP India head Hitesh Garg. NXP shares rose 2.2%.