01:30 PM EDT, 07/21/2026 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.8% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 5.1%.

The Philadelphia Semiconductor index gained 5.4%.

In corporate news, 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 8.1%.

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 5.4%.

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 0.6%.