Samsung Electronics' shares soared up to 6.5% after a tentative wage agreement with its South Korean union, averting a potential strike that could disrupt global chip supplies.
The planned 18-day strike has been suspended
May 21, 2026
09:41 am
What's the storySamsung Electronics' shares surged by as much as 6.5% in morning trade on Thursday.
The spike came after the tech giant and its South Korean union reached a tentative pay deal, averting a potential strike.
Samsung Electronics' shares jump after tentative wage deal suspends strike
Samsung Electronics shares surge 8% as strike averted with $416,000 bonuses
Samsung narrowly avoids 18-day chip strike after last-minute wage deal with 48,000-worker union — tentative deal, subject to workers' vote, suspends billions of dollars worth of potential losses
Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern
Samsung Electronics shares rallies 6% after union suspends strike following tentative wage deal
Samsung Electronics averts 18-day strike with tentative wage deal
Samsung Electronics union suspends planned strike ahead of vote
Chip giant Samsung, union hold last-ditch talks to avert strike threatening global supply chains
Samsung union suspends planned strike after reaching tentative pay deal
Samsung reaches deal to avert strike over AI profits
