Micron Technology, Inc. (NASDAQ:MU) shares are trading lower amid a strike threat at the company’s plant in Taiwan amid a broader semiconductor selloff.
- Micron shares are under pressure. What’s driving MU stock lower?
Taiwan Union Votes 99% in Favor of Strike Authorization
Reuters reported that the union representing Micron’s Taoyuan chip plant employees in Taiwan secured strike authorization. Members cast 99% of votes in favor of potential strike action, though the details of any work stoppage are still under discussion.
According to Barron‘s, the Taiwanese unions have been pushing to scrap Micron’s existing incentive scheme and replace it with a plan that allocates 15% of operating profit to bonuses. The Taoyuan union previously claimed Micron declined to discuss such a plan. Micron recently announced pay deals for its Taiwanese production workers amounting to between 35 and 68 months of base salary for fiscal 2026. A mediation session concluded without settlement after the Taoyuan union raised an additional one-time bonus request.
In a statement in late September, a Micron spokesperson said the company was committed to constructive dialogue with the Taoyuan union.
Why Taiwan Matters to Micron
Although Micron is an American company, much of its manufacturing happens in Taiwan. In January, the company announced it had signed a letter of intent to buy another Taiwanese chip-making facility for $1.8 billion.
Micron Shares Edge Lower
MU Price Action: At the time of writing, Micron stock is trading 2.84% lower at $1,016.21, according to data from Benzinga Pro.
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