Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.4% and the Philadelphia Semiconductor index up 0.3%.
In company news, Apple (AAPL) is slashing its production target for the Vision Pro headset due to manufacturing issues for the complex headset design, the Financial Times reported. Apple shares were down 0.9%.
Microsoft (MSFT) is facing the potential launch of a formal European Commission probe after a stall in discussions over some remedies the company offered, Reuters reported Monday. Microsoft shares were shedding 0.9%.
Microchip Technology (MCHP) said it is planning a multi-year initiative to invest about $300 million to expand its operations in India. Microchip was up 0.6%.
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