I went and read the Chinese version of the Micron story. The wire was accurate. The translation was not. Reuters on Friday: Micron's Taiwan workers to get rewards worth up to 68 months of pay. It went everywhere. Someone with fifty thousand views called it fake news. It is not fake. But two things in the Chinese original did not make the trip. First, the unit. The company's figure reads 整體薪酬, total compensation. Taiwan production staff get 35 to 68 months of total comp, meaning base pay and bonus and stock added together. In English that became rewards worth up to 68 months of pay, which reads as a bonus on top of salary. Same number, different thing. Second, the counterparty answered, and the answer was no. The same day, in Chinese, the union called it no different from the insulting bonuses handed out before, and said that if the company still does not address its demands the union will keep moving toward a strike. The strike option has not been withdrawn. The numbers underneath it. The union asked for a one-off FY26 bonus of about 83 months of salary, on top of pay. From FY27 it wants the Incentive Pay Plan scrapped and replaced with 15 percent of operating profit, paid quarterly, benchmarked openly against peers. In its own words, what it is fighting for is not more bonus or more stock, but a fair share of the result and protection by a system when the cycle turns. Scale: about 15,000 staff across Taoyuan and Taichung, close to 10,000 of them union members, and an August ballot in which over 80 percent of voting members backed a strike. What makes it price. Micron's June quarter revenue was 41.456 billion dollars against 9.301 billion a year earlier, from the 10-Q. Up 346 percent, and the run into it was 13.6, then 23.9, then 41.5. Taiwan is a key Micron HBM site. A stoppage there would not land in a normal memory market. It would land in the tightest one on record. I have no idea who wins the bargaining. What I can say is that in English this is a settled story and in Chinese it is an open one, and only one of those is true. $MU $SNDK $SKHY