01:29 PM EDT, 06/18/2026 (MT Newswires) -- Tech stocks were sharply higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 3.1% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 6.7%.

The Philadelphia Semiconductor index popped 6.5%.

In corporate news, Intel ( INTC ) shares jumped past 10% after President Donald Trump said Apple (AAPL) has agreed to work with Intel ( INTC ) to design and build chips in the US.

Tower Semiconductor ( TSEM ) said it shipped more than five million coherent photonic integrated circuits in partnership with Marvell Technology ( MRVL ) . Marvell ( MRVL ) shares surged 12%, and Tower Semiconductor ( TSEM ) climbed up 5.2%.

Micron Technology ( MU ) may deliver fiscal Q3 results well above Wall Street's expectations after market prices for memory chips came in higher than the company had assumed, Wedbush Securities said. Micron shares gained 8.5%.