03:49 PM EDT, 04/01/2026 (MT Newswires) -- Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 1.8%.

The Philadelphia Semiconductor index popped 3%.

In corporate news, Intel ( INTC ) and Apollo Global Management (APO) said Wednesday they have reached a deal for Intel ( INTC ) to buy back the 49% stake in their Ireland Fab 34 joint venture for $14.2 billion. Intel ( INTC ) shares jumped past 8%.

Taiwan Semiconductor Manufacturing ( TSM ) plans to begin equipment setup and mass manufacturing of 3-nanometer semiconductors at its second Japanese facility in 2028, Reuters reported. Taiwan Semiconductor shares rose 1%.

A data center project for Oracle (ORCL) is closing in on $16 billion in financing, Bloomberg reported. Related Digital, the developer, has been rounding up cash to build a campus in Michigan to allow Oracle to power applications for Microsoft-backed (MSFT) OpenAI, the report said. Oracle shares were down 0.9%.

Amazon's ( AMZN ) cloud computing operation in Bahrain was damaged from an Iranian strike, The Financial Times reported. Amazon ( AMZN ) shares were up 1.6%.