Stock Track | United Microelectronics Soars 8.47% in Pre-Market on Intel Collaboration Reports and Qualcomm Supply Chain Breakthrough

Stock Track06-22 16:54

United Microelectronics (UMC) surged 8.47% in pre-market trading on Monday, extending its recent rebound momentum.

The rally appears driven by multiple positive catalysts including reports of a collaboration with Intel to develop 3nm and 12nm process technologies, though UMC later issued a clarification stating it does not comment on speculative reports. Additionally, the company's embedded Deep Trench Capacitor (DTC) technology has successfully entered Qualcomm's supply chain and begun shipments.

These developments are layered on top of strong first-quarter results showing net profit surging 108% year-over-year and confirmed selective price hikes of approximately 10% planned for the second half of the year.

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