On June 25, United Microelectronics Corporation (UMC) rose 3.21% in regular trading, trading at $27.685/share, with turnover of $142 million.

On the news front, reports of Intel partnering with UMC to co-develop 3nm and 12nm process technologies continue to gain traction. The 12nm process is currently undergoing production verification at Intel's Arizona facility, with mass production expected next year to contribute revenue. This collaboration allows UMC to re-enter the advanced node arena without significant capital expenditure. Additionally, reports indicate TSMC is cutting 28nm production by 25%, with some customers potentially shifting orders to UMC, providing incremental demand expectations.

On the fundamental side, UMC reported Q1 net profit surging 108% year-over-year to NT$16.17 billion, demonstrating strong operational performance. The confluence of the Intel partnership, TSMC production reallocation, and robust earnings has sustained the stock's recent upward momentum.

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