BUZZ - Micron shares fall as Taiwanese labor union threatens strike over bonus dispute
路透社2026/10/07 13:11October 7th - ** Shares of memory chip manufacturer Micron (MU.O) fell 2.8% in pre-market trading to $1,016.26 ** The Taiwan labor union representing Micron Technology employees has won approval for a strike over the bonus plan (link). ** With the memory chip market already facing tight supply, the strike could intensify market concerns over supply ** “The union is aware that memory prices have surged and Micron is generating huge revenues. This gives employees more bargaining power, and investors now need to factor this in,” said Kathleen Brooks, Research Director at XTB ** Shares of other US chipmakers also declined, with Nvidia (NVDA.O), Advanced Micro Devices (AMD.O), and Broadcom (AVGO.O) down 0.68%, 1.95%, and 1.02% respectively ** US-listed shares of contract chip manufacturer TSMC (TSM.N) fell 2.05%, while smartphone chipmaker Qualcomm (QCOM.O) dropped 1.40% ** By the close of the previous trading day, MU’s share price had risen nearly fourfold so far this year, while the Philadelphia Semiconductor Index (.SOX) had gained over 86% (For non-English speakers’ convenience, Reuters provides automated translations of its reports into several other languages. Automated translations may contain errors or lack necessary context; Reuters does not guarantee the accuracy of these translations and provides them solely for reader convenience. Reuters accepts no liability for any harm or loss due to use of the automated translation function.)
October 7 - ** The share price of memory chip maker Micron MU.O fell 2.8% to $1,016.26 in pre-market trading
** The Taiwan labor union representing Micron Technology employees has obtained approval for a strike over the bonus scheme (link).
** Amid tight supply in the memory chip market, this strike may heighten concerns over supply
** "The union knows that memory prices have increased significantly and Micron is generating huge revenues. This gives employees more bargaining power, and investors now need to price this in," said Kathleen Brooks, Research Director at XTB
** Shares of US chip makers also declined, with Nvidia NVDA.O, Advanced Micro Devices AMD.O, and Broadcom AVGO.O falling by 0.68%, 1.95%, and 1.02%, respectively
** The US-listed shares of contract chip maker TSMC (TSM.N) dropped 2.05%, while smartphone chip maker Qualcomm (QCOM.O) fell 1.40%
** As of the close of the previous trading day, MU’s gains so far this year have nearly quadrupled, while the Philadelphia Semiconductor Index .SOX has risen more than 86%
(To facilitate non-native English speakers, Reuters has automated its report translation into several other languages. Since automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts, and provides them solely for reader convenience. Reuters assumes no responsibility for any damage or loss caused by the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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