Overview
- Micron shares dropped nearly 6% in regular trading after an early rebound faded as strike risk at Samsung and broad chip-stock losses weighed on buyers.
- Samsung and its main union resumed last‑ditch talks with sessions expected to continue into Tuesday, though neither side has announced a deal.
- The union has threatened a general strike from May 21 to June 7 unless Samsung pays bonuses equal to 15% of operating profit.
- South Korea’s prime minister warned that a single day of halted chip assembly could cost about 1 trillion won, and a court ordered minimum safety staffing without banning a walkout.
- Analysts still flag tight supply driven by AI data center demand, with Bank of America lifting its Micron target to $950 and investors watching Micron’s June 24 results for a sharp year‑over‑year earnings jump.