03:31 PM EST, 02/28/2025 (MT Newswires) -- Tech stocks were higher late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) gaining 1.2%.

The Philadelphia Semiconductor index climbed 1%.

In corporate news, Intel ( INTC ) said it will continue construction of its $28 billion chip factories in Ohio at a "slower pace" and now expects to complete the facilities in 2030 at the earliest. Intel ( INTC ) shares were rising 3.1%.