Samsung Electronics reached a tentative wage deal with its largest union, averting an 18-day strike that threatened memory-chip supply chains critical to AI and crypto.

Samsung Electronics management and its labour union resumed negotiations on Wednesday ahead of a threatened 18-day strike by nearly 48,000 workers starting Thursday.

Planned action comes amid painful supply crunch in memory chips

Samsung faces an 18-day strike after failed wage negotiations, threatening global semiconductor supply and the South Korean economy.

Union to put tentative pay agreement struck with management to a vote