Micron Stock Falls Amid Chip-Sector Slump as Taiwan Union Votes 99% for Strike Authorization

Micron Technology, Inc. (NASDAQ: MU) shares fell 2.84% to $1,016.21 amid a broader semiconductor selloff and a strike authorization vote by the union representing its Taoyuan plant employees in Taiwan, which passed with 99% support. The union is advocating for a new incentive scheme that allocates 15% of operating profit to bonuses, while Micron has recently proposed pay deals for workers amounting to 35 to 68 months of base salary for fiscal 2026. The situation remains fluid as discussions about potential strike actions are ongoing.