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Premarket Movers | UMC Shares Surge Over 13% Following Tech Partnership With Intel

Tiger Newspress16:59

United Microelectronics Surges Over 13% Pre-Market on Monday. On the news front, Intel and United Microelectronics Corporation (UMC) have struck a partnership to jointly develop 3nm and 12nm process technologies. Production lines will be deployed at Intel’s Arizona manufacturing facility. Mass production of the 12nm process is slated to launch next year and generate revenue, while the 3nm process is targeted to match TSMC’s technical benchmarks. The tie-up allows UMC to enter the advanced process segment without massive capital expenditure.

Separately, UMC’s embedded Deep Trench Capacitor (DTC) technology has secured entry into Qualcomm’s supply chain and commenced shipments. Multiple positive catalysts are drawing capital inflows into the stock: the firm’s Q1 net profit surged 108% year-over-year to NT$16.17 billion, alongside a profit outlook incorporating selective price hikes of roughly 10% in the second half of the year.

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  • Moreau360
    ·17:05
    Another catalyst for AEM!
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