Micron's Taiwan workers to get rewards worth up to 68 months of pay


FILE PHOTO: The Micron logo in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

TAIPEI, Sept 11 (Reuters) - ⁠Micron Technology said on Friday its direct labour employees in Taiwan would receive ⁠bonuses equaling 35 to 68 months of pay for fiscal 2026, with minimum ‌cash compensation of T$1.7 million ($53,809.39), after the U.S. chipmaker enjoyed what it described as an extraordinary year.

Micron said the payouts to the employees, including operators, technicians and shift engineers, were its strongest ever and that more ​than 60,000 employees globally will receive fiscal 2026 rewards.

The ⁠announcement comes after unions representing around ⁠two-thirds of Micron's workforce in Taiwan signaled widespread support among members for a strike.The unions ⁠did ‌not immediately respond to a Reuters request for comment.

The rewards include a T$1 million ($31,652.58)cash bonus for Taiwan employees,who joined before August 29, 2025, for fiscal 2026, ⁠the U.S. memory maker said.

For entry-level engineers, total rewards average ​T$3.4 million, including an average ‌of T$2.9 million in cash compensation, with the remainder comprising equity at grant ⁠value, the company ​said.

Every employeewill also receive an annual equity grant, Micron said.

NO AGREEMENT WITH UNION

Micron employs about 15,000 people in Taiwan, one of its most important manufacturing hubs, and said it has invested more ⁠than T$1.6 trillion in the island.

The U.S. memory maker ​and the Taoyuan union failed to reach an agreement during a mediation meeting last week, with a second round of mediation scheduled.

Micron is looking to avoid being dragged into a crisis ⁠similar to what its Korean rival Samsung Electronics faced in May, when a planned 18-day strike by as many as 48,000 union members was called off after last-minute negotiations and a successful deal that created a special bonus pool worth 10.5% of the chip division's ​operating profit, subject to profitability targets.

Back then the prospect of ⁠a stoppage at the world's largest memory-chip maker had raised worries about chip supplies and ​broader economic fallout in Asia's fourth-largest economy.

Micron's Taiwanese unions ‌previously said profit-sharing arrangements at Samsung and SK ​Hynix had widened the gap between Micron workers and their South Korean peers.

($1 = 31.5930 Taiwan dollars)

(Reporting by Wen-Yee Lee; Editing by Muralikumar Anantharaman and Saad Sayeed)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read