Intel lifts foundry ambitions with UMC talks, shares show strong NASDAQ-100 move

Intel is back in focus on the NASDAQ, as reports of expanded manufacturing talks with Taiwan’s United Microelectronics coincide with a more than 5 percent move in the shares and a fresh analyst target hike from DA Davidson.

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-23, 14:39.

Intel (US4581401001) draws fresh investor attention on the NASDAQ after reports about deepening manufacturing collaboration talks with Taiwan’s United Microelectronics and a marked move in the shares, as DA Davidson lifts its price target while the stock sits firmly in the NASDAQ-100 and S&P 500.

UMC statement on chip collaboration

Media reports highlight that United Microelectronics has issued a clarification around speculation on chip production collaboration with Intel, underlining continued talks on potential foundry-related work between the companies. A MarketScreener news summary notes that UMC addressed the topic in response to market rumors, confirming the interest in closer cooperation without disclosing specific volumes or timelines.

The clarification comes in a week where chip stocks broadly react to geopolitical headlines and US macro data expectations, with Reuters pointing to semiconductor names as a key barometer for AI and data center investment sentiment. Sector peers such as Micron Technology and other memory and logic producers are likewise seeing active trading as investors rotate within the broader S&P 500 technology complex.

Analyst DA Davidson raises target

On the analyst side, DA Davidson has increased its price target on Intel shares to 77 dollars, according to a recent update summarised by MarketBeat. The research house reiterates a constructive view on Intel’s turnaround and foundry strategy, citing progress in product roadmaps and manufacturing execution as key drivers for its higher valuation framework.

MarketBeat data show Intel shares closing at 140.94 dollars on 22 June 2026, up 5.19 percent on the day, before trading lower in extended hours at around 129.51 dollars in a volatile after-market session. The move puts Intel among the more actively followed large-cap US semiconductor names, with MarketBeat listing the stock as one of the most-followed on the NASDAQ.

The business behind Intel’s revenue

Intel generates most of its revenue from designing and selling microprocessors and related semiconductors for personal computers, data centers and networking infrastructure, alongside a growing foundry services arm that manufactures chips for external customers. The company’s product mix spans CPUs for client PCs, Xeon processors for servers and accelerators for AI and high performance computing workloads.

Where the Intel shares trade today

The Intel shares (US4581401001) last traded on the NASDAQ on 2026-06-22 at 140.94 US dollars at the regular close, according to MarketScreener data.

Key data on the Intel shares

• Company: Intel Corporation
• ISIN: US4581401001
• WKN: 855681
• Ticker: INTC
• Trading venue: NASDAQ
• Price (as of 2026-06-22, 16:00): 140.94 USD
• Market cap: 707.96 billion USD (as of 2026-06-23)
• Sector / industry: Semiconductors & Semiconductor Equipment
• Index membership: NASDAQ-100, S&P 500, S&P 100
• Next earnings date: not officially scheduled

This article is for informational purposes and does not constitute investment advice or a recommendation to buy or sell securities.