Samsung Union Authorizes Massive Strike At Memory-Chip Plants After Mediation Talks Collapse

Samsung Union Authorizes Massive Strike At Memory-Chip Plants After Mediation Talks Collapse Asian equities extended losses for a fourth straight session, with South Korea's benchmark KOSPI falling about 1% as the market priced in the shock of an imminent labor action at Samsung Electronics. A full-scale, 18-day strike involving more than 47,000 workers at the world's largest memory-chip maker is set to begin Thursday, raising the risk of production disruptions across the global semiconductor supply chain, which is already tight due to AI data center buildouts. Samsung Electronics' talks with...