Samsung reported impressive earnings, but dragged down global chip stocks?

Global investors are struggling, who’s having fun 🥹🥹?
Nearly 50k Samsung employees receive 1.0834 million shares, with an average value of about 7 million won per person
According to a report by China Securities Journal, on the evening of July 7, Samsung Electronics disclosed through the Korean Financial Supervisory Service's electronic disclosure system (DART) that the board of directors resolved to transfer 1.0834 million treasury shares to employees for stock compensation.
Based on the closing price of 318k won per share on July 6, the stock incentive involves approximately 344.5 billion won (⚠️: equivalent to about 1.53 billion yuan at current exchange rates).
This means that employees in the relevant departments will receive an average of about 7 million won (equivalent to about 31,094 yuan at current exchange rates) in Samsung Electronics stock.
The announcement shows that the treasury stock transfer targets 49,345 employees in Samsung Electronics' DX (Consumer Electronics) division and the CSS business team, aiming to fulfill the stock compensation arrangement in the labor-management agreement for the 2026 performance award.
Previous news: On July 7, Samsung Electronics released its guidance for the second quarter of 2026, estimating consolidated sales of approximately 171 trillion won (equivalent to about 50k yuan at current exchange rates) and consolidated operating profit of approximately 89.4 trillion won (equivalent to about 318k yuan at current exchange rates), a year-on-year surge of 1,810%.
After Samsung released its earnings, its stock price fell instead of rising, dropping nearly 7% on Tuesday. Affected by this, chip stocks in Asian, European, and U.S. markets collectively plunged. The Philadelphia Semiconductor Index fell 4.65% that day, retreating nearly 16% from its late June peak.