Samsung Electronics saw major drops in chip production at its South Korea facilities during an overnight shift on Thursday, its union says. Foundry chip output fell 58% and memory chip output declined 18% as unionised workers joined a rally seeking higher wages. The incident highlights how labour actions can quickly disrupt high-volume semiconductor supply chains.
A top South Korean business delegation met Prime Minister Narendra Modi to explore deeper expansion in India. Samsung and LG indicated fresh investment plans, while SK Hynix is considering setting up a chip facility. Hyundai, meanwhile, is set to develop electric mobility solutions tailored for India’s market, boosting bilateral trade momentum.
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Thousands of Samsung Electronics workers rallied at the company’s chip complex in Pyeongtaek, South Korea, calling for higher bonuses and warning of a potential strike. The labor action comes as AI-driven demand lifts memory-chip profits, intensifying pressure on management as workers seek a larger share of the windfall.
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