09:07 AM EDT, 04/04/2025 (MT Newswires) -- Technology stocks fell pre-bell Friday with the Technology Select Sector SPDR Fund (XLK) 2.7% lower and the SPDR S&P Semiconductor ETF ( XSD ) recently down 3.3%.

Intel ( INTC ) and Taiwan Semiconductor Manufacturing ( TSM ) have a preliminary agreement to form a joint venture to run the US company's chipmaking facilities, The Information reported, citing two people with knowledge of the matter. Shares of Intel ( INTC ) and Taiwan Semiconductor Manufacturing ( TSM ) were down more than 4% premarket.

Meta Platforms ( META ) may be sued in Kenya over its alleged role in promoting content linked to ethnic violence in neighboring Ethiopia, Reuters said a Kenyan court ruled Thursday. Meta Platforms ( META ) shares fell by nearly 4% pre-bell.

AppLovin ( APP ) provided an "indication of interest" to US President Donald Trump to explore an acquisition of TikTok in all markets outside China, according a regulatory filing. AppLovin ( APP ) shares declined by nearly 5% premarket.