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Micron stock plunges 17.5% amid Taiwan union dispute, risking production and investor gains.

Market News
06 Nov 2026, 05:21 WIB
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Bearish
Micron stock plunges 17.5% amid Taiwan union dispute, risking production and investor gains.

Micron's stock dropped 17.5% in one day due to a halted $4.5 billion memory plant project in Taiwan caused by a union pay dispute demanding 15% of operating profits. This threatens production as 60% of Micron's DRAM is made in Taiwan. Despite the drop, long-term investors remain up significantly, but the situation poses risks to future earnings and stock performance. Investors should watch the union's membership drive and Micron's December earnings report for clarity on the company's outlook.

Micron Technology's market cap stands at $899.74 billion as of Nov 06, 2026, 10:31 WIB, reflecting its large scale despite recent volatility. The stock price on Pluang is $689.08, down 13.35% in one day, with a dividend yield of 0.08%. Trading volume is robust at 35,210,225 shares, and most Pluang users are selling, with 83% of order activity on the platform being sell orders as of the same time.

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