Samsung Electronics reaches a preliminary agreement with the union, easing the strike threat, with the Korean stock market soaring significantly, with KOSPI rising as much as 6.4%, Samsung shares nearly 7%, and SK Hynix about 8%. Driven by Nvidia's earnings boost, chip stocks rose. Analysts say the agreement reduces uncertainty, and AI-driven memory demand remains strong, boosting demand for high-bandwidth memory and advanced DRAM.

CoinNetwork

2026-05-21 02:10:33

Abstract generation in progress

Crypto World News reports that Samsung Electronics has reached a preliminary agreement with the union, easing the threat of a strike faced by this world's largest memory chip manufacturer, causing the Korean stock market to surge significantly. The benchmark Korea KOSPI index rose as much as 6.4% on Thursday, with Samsung's stock price soaring nearly 7%. Its competitor SK Hynix increased by as much as 8.4%. After futures surged, the Korea Exchange temporarily halted algorithmic trading of the KOSPI and small-cap KOSDAQ. Additionally, chip-related stocks were boosted by Nvidia's better-than-expected earnings. Eugene Asset Management Chief Investment Officer Ha Seokkeun stated, "The preliminary agreement reached between labor and management is positive news from the perspective of reducing uncertainty." He added that Nvidia's earnings call once again emphasized that AI-driven memory demand—especially high-bandwidth memory and advanced DRAM—remains exceptionally strong.

NVDAX-0.34%

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LateBlockLarry

· 9h ago

From the strike crisis to new stock price highs, the reversal came too quickly

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Glass-HeartMarketMaker

· 9h ago

HBM capacity battle: Who will dominate, Samsung or SK Hynix?

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TidepoolQuant

· 10h ago

AI memory requirements are a long-term narrative, not short-term hype

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GateUser-953e1a14

· 10h ago

The union's concessions lead to a surge in stock prices, the workers' calculations

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QuietQuants

· 10h ago

South Korea's two semiconductor giants soar together, East Asia's chip battle has changed

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BerryColdWallet

· 10h ago

This wave is the NVIDIA spillover effect; the demand for AI computing power is terrifying.

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L2ArbitrageYoungster

· 10h ago

Strong demand for advanced DRAM, storage cycle reversal confirmed

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DustyLedgerKid

· 10h ago

Workers have compromised, capital is laughing, the stock market has risen, three wins?

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GasFeeAnxiety

· 10h ago

SK Hynix rises 8%, even more aggressively than Samsung, HBM is really promising.

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AirdropSidequest

· 10h ago

Protocol implementation = uncertainty eliminated, funds are willing to enter

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