On June 22, Intel (INTC.US) rose over 4% in pre-market trading, reaching $139.42, while UMC (UMC.US) increased by 6.8%, reaching $25.72. According to a report from FundaAI, Intel has partnered with the foundry UMC to jointly develop advanced manufacturing process technologies. This collaboration primarily focuses on chip technologies for 12nm and 3nm processes, with production expected to take place at Intel's facility in Arizona.
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Intel Rises Over 4% Pre-Market, UMC Up 6.8% as Both Companies Reportedly Collaborate on 3nm Chips
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