01:08 PM EDT, 08/20/2025 (MT Newswires) -- Tech stocks fell Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1.1% and the SPDR S&P Semiconductor ETF (XSD) dropping 1.9%.

The Philadelphia Semiconductor index declined 1.8%.

In corporate news, Intel ( INTC ) is in talks with other large investors for an equity infusion at a discounted price, CNBC's David Faber reported. Intel ( INTC ) shares dropped 7.3%.