Technology stocks were drifting lower this afternoon, with the SPDR Technology Select Sector ETF declining 0.5% while the Philadelphia Semiconductor Index was slipping 0.7%.
In company news, WiMi Hologram (WIMI) rallied Friday, at one point racing nearly 119% higher to touch a record high of $8.40 a share, after saying it will provide holographic artificial intelligence facial recognition and modification technologies to support holographic 5G communications on social media, in-home devices and other applications.
ChipMOS TECHNOLOGIES (IMOS) was edging lower after the chipmaker reported above-consensus revenue for its Q2 ended June 30, rising 10.7% year-over-year to TWD5.43 billion and topping the two-analyst mean expecting TWD5.38 billion. June sales grew 9% over year-ago levels to TWD1.78 billion, it said.
Entegris (ENTG) slipped 3% on Friday after the chip-making equipment company announced its purchase of analytical instruments company Global Measurement Technologies for $36 million in cash. Following completion of the deal, Global Measurement became part of Entegris’ advanced materials handling unit.
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