Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’

Samsung Electronics Co.’s labor union of 28,000-plus workers has declared an indefinite strike escalating a dispute with South Korea’s biggest company. The move threatens production at the world’s largest maker of memory chips and comes after thousands of workers rallied outside Samsung’s chipmaking complexes south of Seoul marking a three-day walkout demanding better pay. This is the largest organized labor action in the South Korean conglomerate’s half-century history.

The union said in a statement, “Management has no intention of dialogue. We have clearly identified line production disruptions and the company will regret this decision,” it said. “Management will eventually relent and come to the negotiating table.”