Samsung Electronics shares rallies 6% after union suspends strike following tentative wage deal

Key points

• Members of the Samsung Electronics labour union hold flags as they stage a mass rally demanding the removal of a cap on performance bonuses, outside the company's foundry and semiconductor factory in Pyeongtaek on April 23, 2026. (Photo by Jung Yeon-je / AFP via Getty Images) Shares of Samsung Electronics jumped more than 6% on Thursday after its labor union suspended a planned 18-day strike late Wednesday, easing concerns over disruptions at the South Korean chipmaker.
• The union had said the strike would proceed after the government-mediated talks collapsed on Wednesday.
• However, another round of negotiations led by South Korea's minister for labor and employment Kim Young-hoon resulted in a tentative agreement.
• The gains in Samsung were also supported by optimism across semiconductor stocks after Nvidia reported another strong quarter overnight, with revenue surging 85% to $81.62 billion from $44.06 billion a year earlier.
• Samsung's labor union said in a...