Samsung Electronics has reached an agreement with its labor union regarding bonus payments, averting a planned strike, according to HSBC Global Research analyst Ricky Seo. This resolution is expected to redirect investor attention to Samsung's core business fundamentals. Seo anticipates Samsung will strengthen its position in the chip market, particularly in HBM4, DDR5, and triple-level cell SSDs.
HSBC has revised its forecast for Samsung's second-quarter operating profit, increasing it by 16% to 87 trillion KRW. This adjustment is attributed to heightened demand for data center servers, which is driving up chip prices. The new forecast indicates a 21% rise from the previous quarter and more than double the growth compared to the same period last year.
Samsung and Union Resolve Bonus Dispute, Focus Shifts to Fundamentals
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