Samsung has a tentative deal with workers to avoid a memory chip strike

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May 20, 2026 - 22:07
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Samsung has a tentative deal with workers to avoid a memory chip strike
Samsung Electronics Co. workers attend a rally ahead of a strike, scheduled to take place from May 21, outside the company's semiconductor plant in Pyeongtaek, South Korea, on Thursday, April 23, 2026. Samsung's labor union wants 15% of operating profit be handed to chip-division employees.
Samsung Electronics workers attended a rally outside the company's semiconductor plant in Pyeongtaek on April 23rd, ahead of the planned strike. | Photo by SeongJoon Cho/Bloomberg via Getty Images

More than 47,000 Samsung Electronics workers were gearing up for an 18-day strike after bonus payment negotiations between the company and its union collapsed. The strike was set to start on Thursday at Samsung's domestic chipmaking plants, raising concerns around the already constrained production of memory chips amid the ongoing shortage.

Later on Wednesday, both parties announced that labor and management had reached a tentative agreement. On its website, the union confirmed strike plans have been suspended until further notice, pending a vote on the deal.

While the union had agreed to mediation proposed by South Korea's National Labor …

Read the full story at The Verge.

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