Samsung Electronics averts an 18-day chip strike with a wage and stock bonus deal for 48,000 union workers, triggering an 8% KOSPI rally and easing AI supply fears.

Samsung Electronics and its labor union are in crucial government-led talks. The aim is to resolve a dispute over pay and bonuses. A strike by 45,000 workers could disrupt global…

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

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

Workers at chipmaker to hold vote on 2026 wage deal starting Friday