Micron Strikes Taichung Labor Deal, Lifting Shares More Than 3%
Updated
Updated · CNBC · Oct 21
Micron Strikes Taichung Labor Deal, Lifting Shares More Than 3%
3 articles · Updated · CNBC · Oct 21
Summary
Micron said it reached an agreement with the union representing workers at its Taichung operations in Taiwan, removing the immediate risk of a strike at its larger production site.
More than 3% gains in Micron shares reflected investor relief that a labor disruption at the key Taichung facility now appears to have been averted.
A separate labor issue remains unresolved: Micron still needs to reach another agreement with a union at its nearby Taoyuan operations.
The deal lands as chip stocks broadly advance, with Micron joining a wider semiconductor rally in early trading.
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