Technology stocks were advancing premarket Tuesday as the Technology Select Sector SPDR Fund (XLK) was up 0.7% and the SPDR S&P Semiconductor ETF (XSD) was 0.4% higher recently.

Taiwan Semiconductor Manufacturing (TSM) and Broadcom (AVGO) are considering pitching deals to acquire separate pieces of Intel (INTC), The Wall Street Journal reported, citing people familiar with the matter. Intel shares rose past 4% premarket.