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

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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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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