Micron declines as Taiwan union threatens strike over bonus dispute

Micron Technology

07/10/2026 14:03

** Memory chipmaker Micron's MU.O shares fall 2.8% to $1016.26 premarket
** A Taiwanese union representing workers at MU secures approval for strike over bonus scheme
** Strike could worsen supply concerns in tight memory-chip market
** "The unions know that memory prices have surged and that Micron is generating enormous revenue. That gives workers more leverage, and investors are now having to factor that into their outlook," says Kathleen Brooks, research director at XTB
** Shares of US chipmakers also weaken, with Nvidia NVDA.O, Advanced Micro Devices AMD.O and Broadcom AVGO.O declining 0.68%, 1.95% and 1.02%, respectively
** US-listed shares of contract chipmaker Taiwan Semiconductor Manufacturing TSM.N down 2.05%, while smartphone chipmaker Qualcomm QCOM.O loses 1.40%
** MU has jumped nearly four-fold YTD as of last close, while Philadelphia SE Semiconductor Index <.SOX > has gained over 86%

 (Reporting by Jayasree Prabhu and Avinash P)
 ((jayasree.prabhu@thomsonreuters.com))