On June 24, United Microelectronics (UMC) rose 3.05% overnight, trading at $27.0/share, with turnover of $36,800, continuing its recent rebound momentum.

On the news front, multiple catalysts continue to support the stock. Intel and UMC reached a partnership to co-develop 3nm and 12nm process technologies, with production lines planned at Intel's Arizona facility, allowing UMC to enter the advanced node space without significant capital expenditure. Additionally, UMC's embedded Deep Trench Capacitor (DTC) technology has successfully entered Qualcomm's supply chain and begun shipments. On the fundamentals side, the company reported Q1 net profit surging 108% year-over-year to NT$16.17 billion, with market expectations of selective price hikes of approximately 10% in the second half further bolstering earnings outlook. Having previously corrected over 15% on elevated valuations, these multiple positive factors are attracting capital inflows. Within the Semiconductors sector, Micron Technology up 4.52%, Marvell Technology up 2.14%, Intel up 2.06%, Advanced Micro Devices up 1.18%, NVIDIA up 0.82%.

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