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UMC denies merger talks with GlobalFoundries amid rising stock prices

Taiwanese chipmaker UMC has denied reports of merger talks with GlobalFoundries, stating that no discussions are taking place. Despite the denial, UMC's shares rose by 2.02% to NT$45.55, while its American depositary receipts surged 9.16%. A merger would have created a combined market share of 9.3%, surpassing competitors but still trailing TSMC.

intel revamps strategy to attract major foundry clients and enhance chip design

Intel is revamping its chip design and foundry strategy under new CEO Lip-Bu Tan, aiming to attract major clients like Nvidia and Broadcom. The company is advancing its 18A manufacturing process and enhancing packaging innovations to compete with TSMC. Tan's leadership has already boosted Intel's stock by approximately 25%, with a focus on AI chip production and a significant overhaul of Intel Foundry.
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