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

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Samsung has a tentative deal with workers to avoid a memory chip strike
Published: May 20, 2026 at 16:35 | Source: theverge.com
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Tech Close Tech Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Tech Business Close Business Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Business News Close News Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All News Samsung has a tentative deal with workers to avoid a memory chip strike With a global memory shortage already under way, workers at the world’s biggest manufacturer were threatening to strike. With a global memory shortage already under way, workers at the world’s biggest manufacturer were threatening to strike. by Jess Weatherbed Close Jess Weatherbed News Reporter Posts from this author will be added to your daily email digest and your homepage feed. Follow Follow See All by Jess Weatherbed Updated May 20, 2026, 4:35 PM UTC Link Share Gift 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 Part Of RAM price hikes: the latest on the global memory shortage see all updates Jess Weatherbed Close Jess Weatherbed Posts from this author will be added to your daily email digest and your homepage feed. Follow Follow See All by Jess Weatherbed is a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews. 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. Related RAM price hikes: the latest on the global memory shortage The RAM shortage is coming for everything you care about While the union had agreed to mediation proposed by South Korea’s National Labor Relations Commission (the details of which have not been made public), management at Samsung Electronics had rejected the deal without explanation, according to Nikkei Asia . As part of its demands, the Samsung union has sought performance bonuses equivalent to 15 percent of the company’s operating profit and the removal of a cap on bonuses of 50 percent of annual wages. The negotiations collapse comes during a time of record profits for Samsung, having established itself as the world’s largest producer of memory chips. Both Samsung and the workers union had been urged by South Korean government officials to reach an agreement in the days leading up to the strike, with Prime Minister Kim Min-seok having reportedly warned that the government may step in and prevent the strike from going ahead. South Korean law permits an “emergency adjustment” to be invoked when disputes may harm the economy or daily life. Samsung is South Korea’s largest company, responsible for about 23 percent of the country’s exports and 26 percent of its total market capitalization, according to CNBC . Update, May 20th: Added information that a tentative deal has been reached and strike plans are suspended. Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Jess Weatherbed Close Jess Weatherbed News Reporter Posts from this author will be added to your daily email digest and your homepage feed. Follow Follow See All by Jess Weatherbed Business Close Business Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Business News Close News Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All News Samsung Close Samsung Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Samsung Tech Close Tech Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Tech More in: RAM price hikes: the latest on the global memory shortage The future of game consoles is looking bleak Andrew Webster May 8 Sony’s PS5 sales plummet amid price rises and a memory crisis Tom Warren May 8 Nintendo is raising Switch 2 prices Jess Weatherbed May 8 Most Popular Most Popular The 13 biggest announcements at Google I/O 2026 Google is launching its own version of OpenClaw Google I/O 2026: All the news and announcements Microsoft launches Surface Pro 12 and Surface Laptop 8 with Intel chips Anker fixes the two worst things about power stations The Verge Daily A free daily digest of the news that matters most
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  • Follow Follow See All News Samsung has a tentative deal with workers to avoid a memory chip strike With a global memory shortage already under way, workers at the world’s biggest manufacturer were threatening to strike.
Detailed Coverage

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The competitive landscape highlighted in 'Samsung has a tentative deal with workers to avoid a memory chip strike' shows how different organizations are positioning themselves in this rapidly evolving market. Strategic partnerships, acquisitions, and research collaborations are shaping the future direction of technological development.

Environmental sustainability and energy efficiency considerations are increasingly important in the context of 'Samsung has a tentative deal with workers to avoid a memory chip strike'. The industry is moving towards more sustainable practices and green technologies to address climate change and environmental concerns.

Education and skill development play crucial roles in the adoption and advancement of technologies discussed in 'Samsung has a tentative deal with workers to avoid a memory chip strike'. The need for specialized talent and continuous learning programs highlights the importance of human capital in technological progress.
Article Details
Published: May 20, 2026 at 16:35
Source: theverge.com
Original link: https://www.theverge.com/tech/934432/samsung-electronics-strike-memory-chip-supply
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