BUZZ - Micron shares fall as Taiwanese labor union threatens strike over bonus dispute

路透社2026/10/07 13:11

Show original

October 7th - ** Shares of memory chip manufacturer Micron (MU.O) fell 2.8% in pre-market trading to $1,016.26 ** The Taiwan labor union representing Micron Technology employees has won approval for a strike over the bonus plan (link). ** With the memory chip market already facing tight supply, the strike could intensify market concerns over supply ** “The union is aware that memory prices have surged and Micron is generating huge revenues. This gives employees more bargaining power, and investors now need to factor this in,” said Kathleen Brooks, Research Director at XTB ** Shares of other US chipmakers also declined, with Nvidia (NVDA.O), Advanced Micro Devices (AMD.O), and Broadcom (AVGO.O) down 0.68%, 1.95%, and 1.02% respectively ** US-listed shares of contract chip manufacturer TSMC (TSM.N) fell 2.05%, while smartphone chipmaker Qualcomm (QCOM.O) dropped 1.40% ** By the close of the previous trading day, MU’s share price had risen nearly fourfold so far this year, while the Philadelphia Semiconductor Index (.SOX) had gained over 86% (For non-English speakers’ convenience, Reuters provides automated translations of its reports into several other languages. Automated translations may contain errors or lack necessary context; Reuters does not guarantee the accuracy of these translations and provides them solely for reader convenience. Reuters accepts no liability for any harm or loss due to use of the automated translation function.)

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

October 7 - ** The share price of memory chip maker Micron MU.O fell 2.8% to $1,016.26 in pre-market trading

** The Taiwan labor union representing Micron Technology employees has obtained approval for a strike over the bonus scheme (link).

** Amid tight supply in the memory chip market, this strike may heighten concerns over supply

** "The union knows that memory prices have increased significantly and Micron is generating huge revenues. This gives employees more bargaining power, and investors now need to price this in," said Kathleen Brooks, Research Director at XTB

** Shares of US chip makers also declined, with Nvidia NVDA.O, Advanced Micro Devices AMD.O, and Broadcom AVGO.O falling by 0.68%, 1.95%, and 1.02%, respectively

** The US-listed shares of contract chip maker TSMC (TSM.N) dropped 2.05%, while smartphone chip maker Qualcomm (QCOM.O) fell 1.40%

** As of the close of the previous trading day, MU’s gains so far this year have nearly quadrupled, while the Philadelphia Semiconductor Index .SOX has risen more than 86%

(To facilitate non-native English speakers, Reuters has automated its report translation into several other languages. Since automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts, and provides them solely for reader convenience. Reuters assumes no responsibility for any damage or loss caused by the use of automated translation features.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The U.S. Federal Communications Commission (FCC) has approved Starlink Mobile Gen2's application to launch 15,000 satellites. Low-frequency radio waves can expand coverage and enhance signal penetration through walls and tree canopies, improving indoor reception. The share prices of T-Mobile, Verizon, and AT&T each fell by nearly 7% in after-hours trading. On October 8, Reuters reported that SpaceX reached an agreement on Thursday to acquire a nationwide portfolio of low-frequency spectrum, enabling Elon Musk's satellite company to directly challenge giant traditional wireless carriers across the United States from orbit. While Starlink Mobile’s existing global 2 GHz mid-band spectrum offers high bandwidth capacity, the new spectrum will allow signal penetration through obstacles. Financial terms of the deal were not disclosed. Low-frequency bands are favored for their longer transmission ranges and ability to penetrate dense structures like walls and tree cover—addressing a major technical challenge previously faced by satellite-based mobile networks. By combining nationwide low-frequency radio coverage with high-frequency space transmission, SpaceX is positioning Starlink Mobile to entirely bypass traditional cell towers, challenging the wireless oligopoly both in wide-area coverage and indoor signal reliability. This deal also increases competitive pressure on traditional operators, shifting direct-to-device satellite technology from a supplementary feature for remote dead spots to a comprehensive commercial rival to terrestrial cellular networks. The share prices of T-Mobile US, Verizon, and AT&T each dropped nearly 7% in after-hours trading. “Incumbent wireless carriers have been publicly skeptical, arguing that SpaceX’s network quality could not match theirs,” said analysts at William Blair. “We expect SpaceX to launch very attractive bundled packages of Starlink broadband with Starlink Mobile, and the company may include Grok in these bundles.” The deal involves acquiring 100% of a nationwide 800 MHz spectrum portfolio from private equity firm Grain Management, pending regulatory approval from the FCC. Earlier this year, Grain had acquired this spectrum from T-Mobile. Crucially, most existing, unmodified mobile phones already support the 800 MHz band, so consumers will not need to purchase special satellite phones. This week, the FCC also approved Starlink Mobile’s application for its second-generation satellite constellation, authorizing SpaceX to launch 15,000 satellites worldwide optimized for the 2 GHz band. This new satellite array will operate in very low Earth orbit, providing regular smartphones with higher bandwidth and low-latency connections.

路透社•2026/10/08 22:36