Micron Taiwan unit reaches labor deal with Taichung union

Pratyush Thakur

• Micron's (MU) Taiwan unit and a union representing workers at its Taichung operations have reached a labor agreement, prompting both sides to withdraw from mediation scheduled for Oct. 22.
• MU stock up more than 2% in Wednesday premarket trading.
• The agreement covers multiple issues, but its terms were not disclosed, according to media reports. The company and union said they would share details with affected employees in the coming days.
• The deal comes as a separate union representing workers at Micron's Taoyuan operations plans a one-day warning strike on Wednesday over bonuses and profit-sharing. Mediation between Micron and the Taoyuan union ended without an agreement in September.
• Both unions have sought a permanent profit-sharing scheme that would allocate 15% of Micron's operating profit to quarterly bonuses.
• Micron, the world's major memory chipmaker, employs about 15000 people in Taiwan, where it produces memory chips used in artificial intelligence servers and other devices.

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