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hot_img Micron will issue the highest performance bonuses in history to avoid worker strikes

According to Reuters, Micron Technology's unions in Taoyuan and Taichung, Taiwan are preparing for a strike. The union claims to represent nearly 10,000 of Micron's approximately 15,000 employees in the two locations, and an internal survey shows that over 80% of members support the strike. The core of the labor dispute revolves around bonus distribution— the union believes that the current incentive plan does not adequately reflect the company's profitability and is demanding a one-time additional bonus for this fiscal year, as well as a shift to quarterly profit sharing of 15% of operating profits starting from the 2027 fiscal year. Micron previously responded that it would issue the highest performance bonuses in history, but the union believes the company has not adequately explained the performance calculation method, and it seems to be more closely tied to revenue rather than profit.As the world's third-largest memory chip manufacturer, Micron reported revenue of $41.46 billion and a net profit of $28.24 billion in the third fiscal quarter, with a market capitalization of approximately $1.1 trillion. Taiwan is Micron's largest manufacturing base, with a cumulative investment of NT$1.4 trillion, producing DRAM and HBM. If the strike proceeds, it may impact the global memory chip supply. The Taichung Science Park Administration stated that it is closely monitoring the situation and has prepared a labor mediation mechanism. Previously, the Samsung union also raised similar profit-sharing demands and obtained a special bonus pool of 10.5% of the chip division's operating profits after negotiations.

Vietnamese police report on the progress of the ONUS cryptocurrency fraud case: over 350 kilograms of gold and silver have been seized and more than 300 bank accounts frozen

According to Vietnam's Youth Newspaper, the Ministry of Public Security of Vietnam recently held a press conference to report the latest investigation results of the ONUS cryptocurrency platform fraud case. More than 350 kilograms of gold and silver have been seized, transactions involving 8 properties valued at 20 trillion Vietnamese dong have been frozen, and transactions of over 300 involved bank accounts have been suspended.On March 23 of this year, the police filed criminal charges against 8 defendants, accusing them of using computer networks and telecommunications networks to commit property appropriation and money laundering. Since 2018, the individuals involved have taken advantage of the public's lack of understanding of cryptocurrency, creating digital accounts through applications and packaging them as virtual currency. They established trust and attracted investment through circular buying and selling among affiliated companies, thereby committing fund appropriation, with a total sale of cryptocurrency valued at over 70 trillion Vietnamese dong from 2018 to 2021.The case involves numerous individuals and users, with approximately 5 million user accounts opened. The police have received over 2000 reports from citizens. The public security authorities are investigating the possible accomplice responsibilities of KOLs and other internet celebrities and continue to make every effort to recover the embezzled funds.
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