Samsung Electronics, labour union fail to reach pay deal as strike looms

Short summary

Samsung Electronics and its South Korean labor union failed to reach a pay agreement after extended negotiations, with a major strike planned for May 21. The walkout could disrupt production of AI and semiconductor chips that supply global tech companies. The union says its wage demands remain unaddressed, creating supply chain risks for device manufacturers worldwide.

• •Samsung-union pay negotiations failed; strike scheduled for May 21
• •Strike could disrupt AI and chip production for global tech ecosystem
• •Supply chain risk affects device makers relying on Samsung components

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