Micron Technology

Micron has reached an agreement with a major union at its Taichung site, temporarily averting a potential worsening of the global chip shortage. The terms of the deal were not disclosed initially. Production disruptions in Taiwan could have affected already strained supply chains for memory chips; in Taichung Micron produces, among other things, HBM chips for AI servers and employs around 15,000 workers. » More on n-tv.de

Micron has reached an agreement with a union at its Taichung site and withdrawn a scheduled mediation, averting a further tightening of the global memory chip shortage for now. Taiwan is central for Micron: the plant produces DRAM and HBM chips for AI servers, among other things, and employs around 15,000 people there. However, a one-day warning strike at another site in Taoyuan over bonus and profit-sharing demands is scheduled for Thursday, and it is still unclear whether it will take place. » More on wiwo.de

Micron’s market capitalization briefly fell below one trillion dollars, allowing Eli Lilly to overtake Micron and bringing Walmart, at around $935 billion, close to Micron. Drivers of the sell-off include strong competition from China (ChangXin Memory Technologies reports progress on 4F²-DRAM), concerns about state‑backed low‑cost production, potentially slower AI investment, and profit‑taking. Additional uncertainty comes from a union in Taoyuan that has authorized a strike, as well as a challenging macroeconomic environment with higher inflation and rising yields. Despite the pullback, the stock is up more than 200 percent year‑to‑date. » More on deraktionaer.de