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Micron Taiwan union announces strike for Thursday, SK hynix US-listed shares fall in premarket

Barrons.com +2 ·

MU Micron Technology Inc
$896.07 -0.98%
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  1. 1The Micron (MU) Taoyuan union has announced a strike for Thursday over bonus and profit-sharing issues
  2. 2The union is demanding quarterly bonuses linked to 15% of operating profit and will act on the same day as the Taichung union
  3. 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.

Source Barrons.com +2 · View original ↗

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