09:13 AM EST, 01/21/2025 (MT Newswires) -- Technology stocks advanced premarket Tuesday with the Technology Select Sector SPDR Fund (XLK) up 0.4% and the SPDR S&P Semiconductor ETF ( XSD ) 1.7% higher recently.

ChipMOS Technologies ( IMOS ) shares rose past 4% after the company said it has authorized a share repurchase program totaling up to 350 million New Taiwan dollars ($10.7 million).

Apple ( AAPL ) iPhone sales fell 18.2% in Q4, Bloomberg reported, citing an independent research firm. Apple ( AAPL ) shares declined by over 2% pre-bell.

Taiwan Semiconductor Manufacturing's ( TSM ) facilities are gradually resuming operations following a 6.4 magnitude earthquake in southern Taiwan, multiple media outlets reported, citing the chipmaker. Taiwan Semiconductor Manufacturing ( TSM ) shares were up more than 1% premarket.