Micron Faces Potential Strike at Taiwan Plant as Workers Demand Profit-Sharing
MU has more than doubled off its 52-week low of $154.65.
Summary
Workers at Micron's Taoyuan, Taiwan plant are preparing for a strike vote if mediation fails, demanding a profit-sharing plan comparable to rivals SK Hynix and Samsung. The union wants to replace the current incentive scheme with one allocating 15% of operating profit to bonuses, but Micron has declined to discuss it over two mediation sessions. Micron recently announced pay deals of 35-68 months' base salary for fiscal 2026, yet the union remains unsatisfied. A strike could disrupt production at a key manufacturing site, given Micron's significant Taiwan operations and its recent $1.8 billion letter of intent to buy another Taiwanese facility. This labor risk emerges amid Micron's record Q3 results and strong AI-driven memory demand, making any supply disruption particularly impactful.
At the time of this announcement, MU was trading at $1,034.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $154.65 to $1,255.00. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.