Intel pre-market rises over 4%, UMC up 6.8%, reports say both parties will collaborate on 3nm chip development

Golden Finance reports that on June 22, Intel (INTC.US) rose over 4% in pre-market trading, reaching $139.42; UMC (UMC.US) increased by 6.8% in pre-market, reaching $25.72. According to a report from FundaAI, Intel has reached a partnership with wafer foundry UMC to jointly develop advanced manufacturing process technologies. This collaboration mainly focuses on 12nm and 3nm process technology chips, with production expected to take place at Intel's factory in Arizona.
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