Micron Union in Taiwan Voted 99% to Authorize a Strike. Should You Sell the Stock?

Workers at Micron Technology’s Taoyuan site in Taiwan voted overwhelmingly to authorize a strike, with 1,994 of 2,008 participating union members backing it—99% of ballots. The vote, announced Oct. 7, comes amid a dispute over how Micron splits profits. A strike date has not been set. The union asked members to take Monday, Oct. 19, off for a rally in Taipei, described as non-strike action, while its chair said a surprise walkout could still happen via short-notice text. Taiwan’s labor ministry and President Lai Ching-te urged negotiations, as Micron prepares output from its new Taichung facility.