Intel Rises Over 4% Premarket, UMC Jumps Over 13%; Duo Form Alliance to Tackle 3nm Process

TradingKey - In US premarket trading on Monday, Intel (INTC) rose over 4% to $139.40, while United Microelectronics (UMC) surged over 13% to $27.25. On the news front, tech media outlet FundaAI reported that Intel and UMC have signed an agreement to jointly develop 12nm and 3nm chip manufacturing processes, with production to be concentrated at Intel's Ocotillo campus in Arizona.