chip production

Samsung faces potential factory shutdowns due to a proposed strike involving over 43,000 workers in South Korea, which could lead to a 3-4% decline in global memory and NAND output. The Korean government has intervened, urging the union to reconsider the strike to maintain production capacity and quality. The workers' demands focus on compensation, specifically the removal of a cap on bonuses, as the company's profits reached 53.7 trillion won in the last quarter. A full-scale strike could cost Samsung up to 30 trillion won. The strikes are scheduled to begin on May 21 and last for 18 days, although ongoing negotiations may change this timeline.