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Sector Update: Tech

-- Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 2.4%.

The Philadelphia Semiconductor index climbed nearly 3%.

In corporate news, Amazon-backed (AMZN) Anthropic is exploring plans to design its own AI chips as it grapples with industry-wide shortages, Reuters reported. Amazon shares were up 2%.

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HJ Shipbuilding & Construction Wins Public Housing Project; Shares Jump 11%

HJ Shipbuilding & Construction (KRX:097230) secured a private-participation public housing construction project from the Korea Land and Housing Corp.The contract, valued at 68.3 billion won, is valid till Apr. 30, 2029, according to a Wednesday filing with the Korea Exchange.Shares of the shipbuilder jumped over 11% in recent trade.

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Greatview Aseptic Packaging's 2025 Profit Falls 81%

Greatview Aseptic Packaging (HKG:0468) booked 52.7 million yuan in attributable profit for 2025, down 81% from 270.2 million yuan in 2024, according to a Hong Kong bourse filing Tuesday.Shares of the firm remained suspended from trading.Earnings per share were 0.04 yuan, compared with 0.19 yuan in the prior year.Revenue fell 17% year on year to 1.86 billion yuan, figures showed.The firm proposed a final dividend of HK$0.006 per share for the year, payable Aug. 6 to shareholders of record on July 7.

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Samsung Electronics Launches Induction Cooktop with Built-in Hood

Samsung Electronics (KRX:005930) unveiled a hood-integrated induction cooktop under its Infinite premium appliance line, the electronics products maker said in a Wednesday release.The product comes with a centrally built-in hood that removes smoke and odors from below, along with a heat output of up to 7,400W across all burners.It comes in Satin Black and is priced at 4.79 million won, the release said.Shares of Samsung Electronics fell nearly 1% in recent trade.

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