Dozi Ace I am all for fair wages. But, if profits are that high amongst the Chip Manufacturers then they are price gouging. And, the US needs to find a company to produce chips here because 150,000.00 base pay would surely be fair wage for workers while also keeping cost down. A 1,000,000.00 USD bonus for working on an assembly line? No, we are being gouged, and it is time for it to end. Guess it is time to take this to our local Congressional Office and let it hit all the major news networks. I surmise most US Consumers are not going to be thrilled to be paying what amounts to 1,000,000.00 dollar bonuses to every worker while people suffer. Reply
Arkitekt78 So nice to see greed become the accepted standard for companies AND individuals. Thanks AI! Reply
rgd1101 it is supply and demand, demand are way more than supply it take year to build a foundry. Intel fire CEO Pat 2024 who build too much before the AI boom. Reply
jabliese Dozi Ace said: I am all for fair wages. But, if profits are that high amongst the Chip Manufacturers then they are price gouging. And, the US needs to find a company to produce chips here because 150,000.00 base pay would surely be fair wage for workers while also keeping cost down. A 1,000,000.00 USD bonus for working on an assembly line? No, we are being gouged, and it is time for it to end. Guess it is time to take this to our local Congressional Office and let it hit all the major news networks. I surmise most US Consumers are not going to be thrilled to be paying what amounts to 1,000,000.00 dollar bonuses to every worker while people suffer. So much to break down. "I am all for fair wages." Most people would agree SK Hynix taking 10% of Operating Profits as bonuses for all employees is fair. "But, if profits are that high amongst the Chip Manufacturers then they are price gouging." No, they are charging what the market will bear, and will in turn spend this money on increasing capacity. This is admittedly an extreme example of how the memory market works, but is quite in character for this market. It is a very good model of supply and demand. "And, the US needs to find a company to produce chips here" Micron (Did you miss the farewell to Crucial?), Texas Instruments, Intel. I would wish all of these companies used 10% of Operating Profits for employee bonuses. "No, we are being gouged" For the first time ever, a company is accused of price gouging to pay exorbitant bonuses to all its employees. "Guess it is time to take this to our local Congressional Office" Do you expect your local Congressional Office to somehow legislate to South Korea? Or is this for our supposed non-existent memory production in the US? "while people suffer" Memory prices do not affect food prices, housing prices, nor any of the markets that are usually associated with suffering. Consider this, SK Hynix and Samsung look to greatly reduce the "suffering" for approximately 65,000 employees and their families. Continuing Education: Try an Economics 101 course. Reply
rooted jabliese said: So much to break down. "I am all for fair wages." Most people would agree SK Hynix taking 10% of Operating Profits as bonuses for all employees is fair. "But, if profits are that high amongst the Chip Manufacturers then they are price gouging." No, they are charging what the market will bear, and will in turn spend this money on increasing capacity. This is admittedly an extreme example of how the memory market works, but is quite in character for this market. It is a very good model of supply and demand. "And, the US needs to find a company to produce chips here" Micron (Did you miss the farewell to Crucial?), Texas Instruments, Intel. I would wish all of these companies used 10% of Operating Profits for employee bonuses. "No, we are being gouged" For the first time ever, a company is accused of price gouging to pay exorbitant bonuses to all its employees. "Guess it is time to take this to our local Congressional Office" Do you expect your local Congressional Office to somehow legislate to South Korea? Or is this for our supposed non-existent memory production in the US? "while people suffer" Memory prices do not affect food prices, housing prices, nor any of the markets that are usually associated with suffering. Consider this, SK Hynix and Samsung look to greatly reduce the "suffering" for approximately 65,000 employees and their families. Continuing Education: Try an Economics 101 course. I think it was just rhetoric Reply
PaulAllen99 rgd1101 said: can't wait when ai crash and profit drop like a rock. Unfortunately AI isn't crashing for a very very long time. It's way too embedded into everything, companies are forcing it into everything and it feels like an AI arms race that has a lot of room to expand unfortunately Reply
jaja3232 Shi I would take the $340,000 bonus Samsung hire me I'll take your offer those people greedy there's people making less Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
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Reference reading
- https://www.tomshardware.com/tech-industry/big-tech/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/big-tech/samsung-chip-workers-reject-usd340-000-one-time-bonus-demand-annual-payouts-like-sk-hynixs-usd900-000-workers-want-share-of-ai-windfall-impending-18-day-strike-could-cost-samsung-up-to-usd11-7-billion#main
- https://www.tomshardware.com/subscription
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