Samsung Electronics has urged its labour union to resume pay negotiations after earlier government-mediated talks collapsed, as the risk of a strike continues to build.

Samsung Electronics said it regretted the collapse of wage negotiations with its South Korean labor union, warning that the dispute could increase anxiety among employees, shareholders, and the broader public.

Samsung Electronics (005930.KS), opens new tab ​and its South Korean labor ‌union failed to reach a pay deal on Wednesday, its union leader said, ​ahead of a planned ​lengthy strike that threatens to disrupt ⁠production of AI and other ​chips.

Samsung Electronics has surpassed a $1 trillion market capitalization, becoming only the second Asian company to reach the milestone after TSMC.

Samsung Electronics Co Ltd board chairman Shin Je-yoon has urged unionised workers to resolve ongoing pay disputes with management, warning that a planned strike could damage both the company and the wider economy.

A new report suggesting that Samsung Electronics may discontinue sales of home appliances and televisions in China has triggered intense discussion across global technology and business circles.

South Korean tech giant Samsung Electronics is planning to invest in a semiconductor chip packaging facility in Vietnam, according to a person familiar with the matter, as global demand for advanced chips continues to rise.

Shares of South Korean chipmaker SK Hynix jumped as much as 15% on Wednesday, following a bullish earnings outlook from rival Samsung Electronics that boosted confidence across the semiconductor sector.

Samsung Electronics has forecast a dramatic surge in first-quarter profits, driven by booming demand for artificial intelligence infrastructure that has pushed semiconductor prices sharply higher.

SK Hynix is considering raising as much as $10 billion through a potential US listing, as the chipmaker looks to expand its capacity in advanced memory and artificial intelligence technologies, according to a report.