Foil speed ahead

Micron announces a new profit-sharing program

2026-10-23

STOCK, CASH: Quarterly profit-sharing bonuses would supplement payments under the Incentive Pay Plan, offering ‘transparency’ and ‘predictability,’ an executive said Micron Memory Taiwan Co (台灣美光) yesterday unveiled a new profit-sharing program and structural wage hikes as part of its efforts to build a predictable and transparent compensation framework in response to feedback from unions. The memorychip maker, a subsidiary of US-based Micron Technology Inc, announced the major compensation structural overhaul during an online news conference following a milestone agreement with the union representing more than 10,000 workers at its Taichung facility. Under the new framework, quarterly profit-sharing bonuses would supplement payments under the Incentive Pay Plan (IPP), the company said. The IPP formula has also been substantially enhanced, it said. “Profit-sharing mechanisms are common

By Lisa Wang