Samsung Electronics’ largest labor union in South Korea has initiated an indefinite strike, following a three-day walkout that failed to resolve ongoing disputes over pay and bonuses. The National Samsung Electronics Union (NSEU), representing 31,000 members or nearly a quarter of Samsung’s workforce in the country, announced the strike on Wednesday. This labor action, set…
Samsung Electronics has announced an anticipated 15-fold increase in profits for the second quarter of 2024 compared to the same period last year, driven by a surge in demand for advanced chips fueled by the artificial intelligence (AI) boom. The South Korean tech giant, the world’s leading producer of memory chips, smartphones, and televisions, forecasts…
Samsung Electronics Co. has unveiled a series of technological advancements designed to attract AI chip manufacturers to its production facilities. The announcement was made at the company’s annual foundry forum held at its US chip headquarters in San Jose, California. Despite being the world’s leading memory-chip maker, Samsung is striving to close the gap with…
Seoul, June 7, 2024 – For the first time in its 55-year history, workers at Samsung Electronics in South Korea have gone on strike. The Nationwide Samsung Electronics Union (NSEU) announced that many of its 28,000 members participated in the one-day walkout on Friday, marking a significant moment for the tech giant. The union, which…
