Micron Halts $4.5 Billion Factory Project in Taoyuan Due to Labor Dispute
Micron has suspended construction on its $4.5 billion memory chip factory in Taoyuan, Taiwan, and has notified Taiwanese officials and suppliers. Executives are concerned that an agreement with local unions might be overturned. The plant was originally scheduled to begin production in 2028. Taiwan accounts for about 60% of Micron's DRAM output.
Micron Halts $4.5 Billion Factory Construction in Taoyuan Over Labor Dispute
According to people familiar with the matter, Micron has suspended construction on its $4.5 billion memory chip plant in Taoyuan, Taiwan, and has notified Taiwanese officials and suppliers. Executives are concerned that an agreement reached with a local labor union may be overturned. The plant was originally scheduled to begin production in 2028.
Micron stated that Taiwan holds an important position in its global layout and that its current operations are proceeding normally. Taiwan accounts for approximately 60% of Micron's DRAM production. The Taoyuan union is demanding that 15% of operating profits be distributed to employees worldwide and is attempting to overturn an agreement reached with the Taichung union.
Source: Bloomberg
