12 Best Robinhood Stocks to Buy Under $10

10. United Microelectronics Corporation (NYSE:UMC)

Number of Hedge Fund Holdings: 19

Share Price as of the Close of March 18: $9.30

United Microelectronics Corporation (NYSE:UMC) is one of the Robinhood stocks on this list.

TheFly reported on March 13 that UMC, together with its subsidiary Wavetek, announced a collaboration with HyperLight and Jabil Inc. The partnership aims to speed up the implementation of thin-film lithium niobate photonics for hyperscale AI data center interconnects. It combines HyperLight’s photonic technology, UMC and Wavetek’s foundry manufacturing capabilities, and Jabil’s high-volume production and assembly expertise to enable next-generation optical modules at data-center scale. HyperLight and Jabil have already been working to integrate TFLN-based photonic devices into advanced optical transceiver platforms, supporting broader deployment across hyperscale AI infrastructure.

In a similar vein, Adeia Inc. announced earlier on March 11 that it has expanded and extended its intellectual property licensing agreement with United Microelectronics Corporation (NYSE:UMC), providing ongoing access to Adeia’s semiconductor technologies, such as hybrid bonding, and supporting upcoming advanced packaging and 3D integration.

More flexibility for chiplet architectures in AI, networking, and automotive applications is made possible by the partnership, according to UMC. The advances in hybrid bonding, interconnects, and semiconductor processes offered by Adeia’s portfolio improve next-generation devices’ efficiency, bandwidth, and dependability. The revised agreement reaffirms both companies’ dedication to the global advancement of high-density semiconductor designs, AI accelerators, and high-performance computing.

United Microelectronics Corporation (NYSE:UMC) is a Taiwanese semiconductor foundry that manufactures integrated circuit wafers and provides backend design and support services for technology markets worldwide, serving fabless and device makers across communications, automotive, IoT, and computing sectors.