Union calls strike at South Korea chip giant Samsung Electronics
A planned strike at South Korean chip giant Samsung Electronics will go ahead from Thursday, its union said, after talks on bonus payouts collapsed, raising concerns over a disruption to the country's key semiconductor industry.
The walkout, set to begin Thursday, is expected to dwarf a 2024 strike that drew about 6,000 workers at the world's top memory chipmaker.
The dispute centres on profit-sharing at a key player in the global semiconductor supply chain, with its chips widely used in artificial intelligence systems and consumer electronics.
The tech giant's shares have surged nearly 400 percent over the past year on the back of an AI boom, and saw its market capitalisation top $1 trillion for the first time in May.
