Tech stocks were rising late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.8% and the Philadelphia Semiconductor index advancing 1.7%.
In company news, Alphabet’s (GOOG) Google’s motion to dismiss a US Department of Justice advertising technology antitrust case was denied by a federal judge on Friday, Reuters reported, citing the ruling. Alphabet shares were slipping 0.4%.
STMicroelectronics (STM) and GlobalFoundries (GFS) got European Commission approval to build a semiconductor factory with French state aid in France. STMicroelectronics shares were down 0.4% while GlobalFoundries was up 1.1%.
Taiwan Semiconductor Manufacturing’s (TSM) customers Qualcomm (QCOM), Advanced Micro Devices (AMD) and Nvidia (NVDA) delayed plans to incorporate the Taiwanese chipmaker’s 3-nanometer chip into their products, Digitimes reported. Taiwan Semiconductor shares were still rising 0.5%.
Microsoft (MSFT) said it has signed a 10-year deal with European cloud gaming company Nware to stream PC games built by Xbox as well as Activision Blizzard (ATVI) titles after the close of the planned acquisition. Microsoft was edging up 0.4%.
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