Journal of Mathematical Logic, Volume 22, Issue 02, August 2022. The Ultrapower Axiom is a combinatorial principle concerning the structure of large cardinals that is true in all known canonical inner models of set theory. A longstanding test question for inner model theory is the equiconsistency of strongly compact and supercompact cardinals. In this paper, it is shown that under the Ultrapower Axiom, the least strongly compact cardinal is supercompact. A number of stronger results are established, setting the stage for (...) a complete analysis of strong compactness and supercompactness under UA that will be carried out in the sequel to this paper. (shrink)