Micron Taiwan union announces strike for Thursday, SK hynix US-listed shares fall in premarket
MU Micron Technology Inc
$896.07 -0.98%
View chart & analysis → - 1The Micron (MU) Taoyuan union has announced a strike for Thursday over bonus and profit-sharing issues
- 2The union is demanding quarterly bonuses linked to 15% of operating profit and will act on the same day as the Taichung union
- 3SK hynix (SKHY) fell 4% in premarket trading, while Rosenblatt assessed last week's memory stock plunge as excessive
So what's the key point?
The Micron Taiwan factory labor union announced a strike for Thursday regarding bonus issues. Following this news, competitor SK hynix US-listed shares fell 4% in premarket trading.
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