Movement Alert|Micron Technology Overnight Rise 3.92%, shares rebound after Taiwan chip plant halt selloff

Market Focus
Yesterday

On November 6, Micron Technology rose 3.92% Overnight, trading at $680.97 per share, with turnover of $1.80 million.

The move followed a technical rebound after the prior session’s sharp selloff tied to news that Micron had paused construction of its planned memory chip plant in Taoyuan, Taiwan amid a labor dispute over compensation.

The project, known as Fab 11E, was budgeted at roughly $3 billion to $4.5 billion and had been slated to begin operations in 2028, producing HBM and DRAM. Reports indicated only limited safety-related work remained on site before a broader construction freeze, while Micron said its existing Taiwan operations continue normally. Investors are still assessing whether any prolonged delay could disrupt the company’s AI memory capacity expansion plans.

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