08:53 AM EDT, 08/11/2026 (MT Newswires) -- Technology stocks were higher premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.3%.

Taiwan Semiconductor Manufacturing ( TSM ) and Sony Semiconductor Solutions, a subsidiary of Sony Group ( SONY ) , said they agreed to establish a joint venture in Kumamoto Prefecture, Japan, to develop and manufacture advanced image sensors for smartphones, with volume production expected to begin in 2029. Shares of Taiwan Semiconductor Manufacturing ( TSM ) were nearly 1% higher pre-bell.