Micron has announced a one-time cash appreciation bonus of NT$1 million (US$31,650) for its employees in Taiwan. This bonus is part of a larger compensation and reward package, which the company states is the largest in its history. Globally, over 60,000 employees are set to receive scaled rewards for fiscal year 2026, following what Micron described as an extraordinary year for the company.
Micron's cumulative net income from high-demand memory chip sales reached $50.47 billion over the last four quarters, with Q3 earnings showing a 346% year-over-year increase. All Taiwan-based employees hired on or before August 29, 2025, are eligible for the full NT$1 million cash bonus, with prorated amounts for those hired in fiscal year 2026. Direct manufacturing and production-line workers will receive total bonus rewards equivalent to 35 to 68 months of basic salary, with a minimum total cash compensation of NT$1.7 million (US$53,809). Junior engineers are projected to receive an average total compensation of NT$3.4 million (US$106,250), including cash and equity grants.
Despite the significant offer, the union representing workers at Micron's Taoyuan plant officially rejected the bonus proposal, labeling it a 'distraction.' The unions in Taoyuan and Taichung, representing 10,000 of Micron's 15,000 Taiwan workforce, had previously threatened a strike, demanding compensation packages similar to those seen at competitors like Samsung. Mediation efforts, involving the Taiwanese government, failed to reach a consensus on September 4, leading to Micron's subsequent bonus announcement. The union stated that the new package 'sidestepped' discussions about a transparent bonus system.
Micron's bonus payouts mirror similar actions by Samsung and SK Hynix, which are also experiencing soaring profits driven by the AI boom. These companies have also faced employee demands for increased compensation reflecting their financial success. The ongoing negotiations highlight the pressure on semiconductor manufacturers to share profits with their workforce amidst a period of high demand and profitability.
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Micron announced a one-time cash bonus of NT$1 million (US$31,650) for its Taiwan-based employees as part of a record compensation package, following significant profits from AI memory chip sales. However, unions representing 10,000 of Micron's 15,000 Taiwan workforce rejected the offer, calling it a distraction and demanding a transparent profit-sharing system, after earlier strike threats and failed mediation.