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Micron Taiwan union authorizes strike over bonus dispute

Seeking Alpha ·

Seeking Alpha reports: Micron Technology union members in Taiwan have authorized a strike over a dispute about the company's bonus scheme, according to media reports. MU stock is down ~2% before the opening bell on Wednesday. At a time when memory prices have surged and the market faces a supply crunch, a labor action at Micron's key Taiwan operations could affect the market given the country's important role in producing DRAM and high-bandwidth memory or HBM chips.The union represents…

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