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U.S.-listed shares of SK Hynix (SKHY) slid 4% in premarket trading on Tuesday, but retail bulls urged dip-buying as a union at rival Micron (MU) announced a Taiwan strike over employee bonuses and profit sharing.SKHY stock rallied 5% on Monday, ending a 10-session losing streak. Meanwhile, MU share…
TradingKey - The union at Micron Technology's (MU) Taoyuan plant in Taiwan plans to launch a solidarity strike on October 22 to support the Taichung plant union, which is currently undergoing labor mediation with the company, and to demand that Micron present a concrete employee profit-sharing plan.
Taiwan is a major DRAM and HBM manufacturing hub for Micron, which employs about 15,000 people there.