Micron's Taiwan Unions Threaten Strike Over Bonus Dispute
MU has more than doubled off its 52-week low of $114.25.
Summary
Micron's Taiwan unions, representing about 10,000 of 15,000 workers, are moving toward a strike unless the company overhauls its bonus system. Over 80% of surveyed members backed strike action. Taiwan is Micron's largest manufacturing base, producing DRAM and HBM chips, and a work stoppage would be highly disruptive amid tight AI-driven memory supply. Micron says this year's bonus payout will be the highest in its history and will continue dialogue. The dispute echoes a Samsung strike that was averted with a special bonus pool, but no resolution is guaranteed here.
Updates
· Dow Jones Newswires — Union wants 15% of operating profit as bonuses starting fiscal 2027, replacing existing incentive scheme. Shares fell 2.4% premarket.
At the time of this announcement, MU was trading at $955.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $114.25 to $1,255.00. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.