Key facts
- Micron Technology suspended plans for a $4.5 billion memory chip plant in Taiwan, per Bloomberg News.
- Bloomberg cited people familiar with the matter; Reuters said it could not immediately verify the report.
- Micron did not immediately respond to a request for comment sent outside regular business hours.
Micron Technology has suspended plans for a $4.5 billion memory chip plant in Taiwan because of an extended labor dispute, Bloomberg News reported on November 5, citing people familiar with the matter. Reuters, which relayed the report, said it could not immediately verify it.
Micron did not immediately respond to a request for comment sent outside regular business hours, according to the Reuters account. The report did not say where in Taiwan the plant would be built, how much capacity it would have or how far construction had progressed before work stopped.
The suspension, as described, concerns a planned facility rather than an operating one, and no effect on Micron's current output was stated.