01:51 PM EDT, 04/01/2026 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 3.1%.

The Philadelphia Semiconductor index popped 3.9%.

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 9%.

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 climbed 1.8%.

Amazon's ( AMZN ) cloud computing operation in Bahrain was damaged from an Iranian strike, The Financial Times reported. Amazon ( AMZN ) shares were up 2%.