The reversal is here! Samsung Electronics reached a preliminary agreement with its union at the eleventh hour before the planned strike, suspending the work stoppage originally scheduled from May 21 to June 7. The biggest near-term uncertainty facing the global memory chip supply chain has been temporarily lifted. The new deal introduces a long-term special performance bonus scheme, featuring an average 6.2% pay raise this year, with bonuses paid out in the form of after-tax shares. While short-term supply-side disruptions have been removed, the longer-term narrative of a fundamental reshaping of valuation logic in the memory industry remains intact—long-term agreements (LTAs) are driving a shift in valuation metrics from price-to-book (P/B) toward price-to-earnings (P/E). With the strike threat now off the table, is this the end of the rally for memory stocks—or a prime entry opportunity?