# The 18-day strike, slated to begin Thursday and planned by nearly 48,000 union members, was canceled after last-minute negotiations.

*semiconductor · news · 2026-05-21 · Benzinga*

## Key points

- Samsung and its union canceled an 18-day strike after reaching a new bonus payout agreement.
- The proposed labor deal includes considering performance bonuses in shares rather than cash.
- Samsung's revenue soared 70% year over year, hitting its highest-ever quarterly sales.
- Surging AI chip demand and supply shortages have driven Samsung shares up 128% this year.
- The labor deal may hurt Samsung's operating margins due to higher labor cost provisions.

**Companies:** Samsung
**Countries:** South Korea

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/05/52708609/samsung-shares-surge-seoul-labor-union-strike-deal)

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