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Things look a little complicated on the Samsung side.
After talks between the labor union and management at Samsung Electronics ended without a result, the possibility of a general strike on Thursday came to the table. This news directly moved the semiconductor side, because Samsung is one of the world’s largest memory chip suppliers. So the issue here is not only Samsung’s own stock, but global chip supply.
The market priced this immediately.
Micron rose 4%. Seagate was up 2%, Western Digital 1.7%, and Sandisk 2.2%. This is very normal, because if production is disrupted on Samsung’s side, memory supply could tighten, and this could mean pricing power for rival producers.
Not only memory producers, but major semiconductor stocks such as Nvidia, AMD, Broadcom, and Qualcomm also reacted positively. Nvidia rose 1.9%, AMD 2.3%, Broadcom 1.5%, and Qualcomm 3.3%. Equipment makers such as ASML, Lam Research, Applied Materials, and KLA were also in the green.
If the strike on Samsung’s side continues for longer, short term stress may appear in chip supply. This could create upward pressure especially on memory prices and the semiconductor supply chain.
This news is negative for Samsung, but in the short term it is being perceived positively for rival memory producers.