01:33 PM EDT, 03/17/2025 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) rising 0.9%.

The Philadelphia Semiconductor index rose 0.9%.

In corporate news, Intel's ( INTC ) incoming Chief Executive Lip-Bu Tan is considering significant changes to the company's foundry business and AI strategies as part of turnaround efforts, Reuters reported. Intel ( INTC ) shares jumped 8%.