09:09 AM EDT, 04/01/2025 (MT Newswires) -- Technology stocks were lower to flat pre-bell Tuesday, with the SPDR S&P Semiconductor ETF ( XSD ) recently inactive and the Technology Select Sector SPDR Fund (XLK) down 0.3%.

Progress Software ( PRGS ) shares rose past 7% after the company reported higher fiscal Q1 non-GAAP earnings and revenue. The company also raised its fiscal year 2025 non-GAAP EPS forecast.

STMicroelectronics ( STM ) and Innoscience said they have agreed to collaborate on a joint initiative for the development and manufacturing of gallium nitride technology. STMicroelectronics ( STM ) shares were nearly 2% lower premarket.

United Microelectronics ( UMC ) said it has held the opening ceremony for its new Singapore fab facility, which will begin volume production in 2026. Shares of United Microelectronics ( UMC ) declined by over 3% pre-bell.