Shares of Samsung Electronics plunged more than 9% on Friday after labour tensions escalated at the world's largest memory chipmaker, raising concerns over potential disruptions to semiconductor production and customer deliveries.
The stock fell as much as 9.3% during trading, sharply underperforming the broader South Korean market, after the company’s labour union reaffirmed plans for a strike beginning next week despite Samsung proposing unconditional talks to restart negotiations.
