03:36 PM EDT, 07/21/2026 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 5.2%.

The Philadelphia Semiconductor index gained 4.9%.

In corporate news, Apple ( AAPL ) is planning to launch a new program on July 28 through which customers can lease devices, including most iPhone, Mac, iPad and Apple Watch models, Bloomberg reported. Apple ( AAPL ) shares rose 0.5%.

Intel ( INTC ) is planning to lay off workers in its data center group, Business Insider reported Tuesday, citing a company spokesperson. Separately, RBC Capital Markets said in a note Intel ( INTC ) is expected to report a decent Q2 supported by server CPU demand and pricing momentum. Intel ( INTC ) shares jumped past 8%.

Taiwan Semiconductor Manufacturing ( TSM ) plans to raise prices for both advanced and mature chip manufacturing by up to 10% beginning in 2027, Nikkei Asia reported. Taiwan Semiconductor shares climbed 5.3%.

Amazon.com's ( AMZN ) platform that serves businesses and government entities reached $60 billion in annualized sales in the second quarter, the e-commerce giant said Tuesday. That's up from more than $35 billion in global annualized sales for Amazon Business in 2023. Amazon ( AMZN ) shares were down 1%.