Technology stocks were mixed premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.6% higher.

Texas Instruments (TXN) stock was down more than 3% after the company said it has agreed to acquire Silicon Laboratories (SLAB) for $231 per share in an all-cash deal, with a total enterprise value of about $7.5 billion. Shares of Silicon Laboratories were up more than 49% pre-bell.

Advanced Micro Devices (AMD) shares were down more than 9% even after the company reported higher Q4 adjusted earnings and revenue.

Super Micro Computer (SMCI) stock was up more than 8% after the company posted higher-than-expected fiscal Q2 adjusted earnings and revenue, and issued fiscal Q3 and 2026 outlook above analysts' consensus.