5 Stocks Paying Off Big Time

4. United Microelectronics Corp. (NYSE:UMC)

United Microelectronics saw its share prices jump to a new all-time high, as investors loaded portfolios following reports that it is collaborating with Intel Corp. for the production of semiconductors.

In intra-day trading, the stock climbed to its highest price of $28.27 before paring gains to finish the session just up by 14.20 percent at $27.50 apiece.

An unverified report on the same day said that United Microelectronics Corp. (NYSE:UMC) is partnering with Intel Corp. anew for the development of advanced manufacturing process technologies.

The report added that the partnership would primarily focus on chips using 12nm and 3nm process nodes, with production expected to take place at Intel’s facility in Arizona.

United Microelectronics Corp. (NYSE:UMC), however, refused to issue a statement in relation to the buzz, saying that it “does not comment on unverified reports.”

If proven, the deal would mark a deepened collaboration between United Microelectronics Corp. (NYSE:UMC) and Intel, having already joined forces in 2024 for the development of a 12nm process platform.

Under their previous agreement, the two firms engaged in the development of a 12-nanometer semiconductor process platform to address high-growth markets such as mobile, communication infrastructure, and networking.