UMC shares surge 10.02% intraday on strong quarterly revenue and strategic partnership with SST for automotive tech.

UMC surged 10.02% intraday following strong quarterly revenue growth to NT$19.28 billion (a 1.7% year-over-year increase) and a strategic partnership with SST to develop cutting-edge automotive technology. The collaboration, centered on the 28nm SuperFlash Gen 4 Automotive Grade 1 Platform, positions UMC to expand into high-growth automotive tech markets, boosting investor confidence. The stock’s sharp rise aligns with the news, as the financial results and partnership signal enhanced competitive positioning and future revenue potential. Other news events, including unrelated updates about the United Methodist Church and ePIC Blockchain’s firmware adjustments, were irrelevant to UMC’s stock movement.