Micron Technology stock is under pressure from its own employees. The memory-chip company could soon face strike action by workers at one of its Taiwanese plants.

Micron shares were down 0.6% at $1,038 in premarket trading Tuesday.

Taiwanese employees have demanded that Micron agrees to a profit-sharing agreement comparable with those of rivals SK Hynix and Samsung Electronics. Now things look to be coming to a head-the union representing workers at the Taoyuan plant in Taiwan announced Monday it is preparing for a strike vote if mediation fails, according to local Taiwanese reports.

Micron recently announced pay deals for its Taiwanese production workers amounting to between 35 and 68 months' worth of base salary for the fiscal 2026 year. However, Micron's Taiwanese unions have been pushing to scrap the existing incentive scheme and replace it with a plan allocating 15% of operating profit to bonuses. The Taoyuan union claimed Micron has declined to discuss such a plan over two mediation sessions.

Although it's an American company, much of Micron's manufacturing happens in Taiwan. The company announced in January that it had signed a letter of intent to buy another Taiwanese chip-making facility for $1.8 billion.

Micron didn't immediately respond to a request for comment from Barron's early Tuesday.