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Samsung holds desperate final talks with union over 18-day chip factory strike that could cost $20 billion — government-mediated summit seeks to avert industrial action that could hit HBM production

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(Image credit: Getty / Bloomberg) Samsung and its largest labor coalition are sitting down for government-mediated negotiations over the next two days, the Korea Herald reported, with just 10 days remaining before a planned general strike that threatens to shut down the world's biggest memory chip operation for more than two weeks. Go deeper with TH Premium: Chipmaking South Korean Labor Minister Kim Young-hoon welcomed the resumption of talks on X, writing that "the solution may already be close," but as of 3 p.m. local time, no deal had reportedly been reached. The union has warned that the strike could create a shortfall of some $20.4 billion, according to reporting by Digitimes . JPMorgan analysts warned earlier this month that Samsung's annual operating profit could fall by 7% to 12% if management accepts the union's core demands.…

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