Over 47,000 employees of Samsung Electronics are preparing for an 18-day strike following failed negotiations concerning bonus payments. Set to commence on Thursday, the strike will focus on Samsung's domestic chipmaking facilities, raising serious concerns about an already strained memory chip production amid persistent shortages.
Despite the labor union's willingness to engage in mediation proposed by South Korea's National Labor Relations Commission, Samsung's management declined the opportunity without any explanation. As negotiations falter, the impact on the semiconductor industry could be significant, especially given the crucial role Samsung plays in the global market.