09:11 AM EDT, 07/15/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Monday as the SPDR S&P Semiconductor ETF ( XSD ) was unchanged and the Technology Select Sector SPDR Fund ( XLK ) was up 0.5% recently.

SolarEdge Technologies ( SEDG ) is eliminating roughly 400 employees, including 200 in Israel, as part of cost-cutting measures, the company said in a regulatory filing Monday. SolarEdge Technologies ( SEDG ) shares fell 7.8% pre-bell.

Apple ( AAPL ) shipped over 45.2 million iPhones in Q2, up from 44.5 million a year earlier, according to the preliminary data from the International Data Corporation Worldwide Quarterly Mobile Phone Tracker. Apple ( AAPL ) shares were up 2.1% premarket.

Ericsson (ERIC) said Monday it signed a multi-year cross-license deal with smartphone manufacturer OPPO covering patents related to cellular technologies, including 5G. Ericsson declined by 2% pre-bell.