On June 25, UMC rose 7.6% overnight, trading at $29.88/share, with turnover of $191,200.

On the news front, reports of Intel and UMC collaborating to develop 3nm and 12nm process technologies continue to gain momentum. The 12nm process is currently undergoing production verification at Intel's Arizona facility, with mass production expected next year to begin contributing revenue. Notably, UMC can re-enter the advanced node arena without significant capital expenditure. Additionally, reports suggest TSMC is cutting 28nm production by 25%, potentially redirecting some customers to UMC. The company also reported Q1 net profit surging 108% year-over-year to NT$16.17 billion, while its embedded deep trench capacitor technology has successfully entered Qualcomm's supply chain.

The broader semiconductor sector rallied strongly, with Micron Technology up 15.47%, Intel up 5.48%, and AMD up 3.2%, further boosting sentiment around UMC shares.

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