Samsung Electronics Co. and its labor union failed to reach a wage agreement Wednesday, raising concerns over a major strike later this month that could disrupt operations at the world's largest memory chipmaker.

Any disruption at the world’s largest memory chipmaker could hit the global semiconductor supply chain. Read more at straitstimes.com. Read more at straitstimes.com.

Samsung Electronics reversed steep intraday losses after South Korea’s government urged labor and management to resume talks.

Samsung Electronics Co. and its labor union failed to reach a wage agreement Wednesday, raising concerns over a major strike later this month that could disrupt operations at the…