Members of Micron's Taoyuan union in Taiwan voted 99% in favour of authorising a strike over how the company splits profits, though no date has been set. The union wants 15% of operating profit paid to workers through a permanent system, and mediation failed in September, prompting Taiwan's labour ministry and President Lai Ching-te to urge both sides to negotiate. Taiwan is arguably Micron's most important country, with most of its fiscal 2026 DRAM output made there, but the vote so far covers only the smaller Taoyuan site, while the Taichung union, representing around 10,000 workers in Taichung and Tainan, holds a second mediation session on Oct. 22. Micron says it has already sold out all the 2027 capacity of the Taichung factory, so a long strike could leave it short on contractual deliveries. The shares trade near $879, about 28% below their late-June record close of $1,213.56, and the author still expects a deal and does not see the vote as a reason to sell.
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QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.82 |
| Change that session | -2.50% |
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