Union head Choi Seung-ho told the Korea Herald last month that roughly 200 Samsung engineers had left for rival SK hynix over the preceding four months, calling the departures evidence that Samsung's compensation structure is failing to retain critical talent during the AI memory boom.
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Luke James is a freelance writer and journalist.\u00a0 Although his background is in legal, he has a personal interest in all things tech, especially hardware and microelectronics, and anything regulatory.\u00a0 ","collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-23/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Luke James Social Links Navigation Contributor Luke James is a freelance writer and journalist. Although his background is in legal, he has a personal interest in all things tech, especially hardware and microelectronics, and anything regulatory.
ezst036 The threat of a huge strike has really done a terrible thing to the price of RAM in the last few weeks, above the already crazy price we already had. Its not all that different than what the threat of an oil shortage due to the loss of oil flow out of Hormuz does to gas prices. I really hope these guys give up soon. Reply
heffeque ezst036 said: The threat of a huge strike has really done a terrible thing to the price of RAM in the last few weeks, above the already crazy price we already had. Its not all that different than what the threat of an oil shortage due to the loss of oil flow out of Hormuz does to gas prices. I really hope these guys give up soon. Agreed. Hopefully these guys (multi-millionaires) give up soon, so that employees get a piece of the winnings (for once) and they can carry on with their day without having to resort to closing the fab. It amazes me that South Korea, with the infernal work-life balance it has (some say that it's worse than the USA even), and all the huge tech companies, it can't manage to have a higher GDP per capita than Spain, which has much better work-life balance, better employee protection and benefits, and doesn't have as many large international companies. Reply
bigdragon Corporate and executive greed is absolutely out of control so I hope these workers get what they're demanding. The people who actually make the widgets need to be able to afford nice things, take time off, and live comfortably. Nobody should be treated like an expendable robot. Reply
hotaru251 I feel no pity for a mega corpo who can afford it but this will 100% further them to automate more and more so they never have deal w/ this type of stuff again. Reply
Air2004 "the ongoing dispute centers around the union’s demand that Samsung uncap performance payouts and set them at 15%" That's a contradiction in terms. If I were management, not only would I call their bluff I'd shutdown the facility before they have a chance to walk. Or at the very least, make a final offer before they walk, if the union doesn't except lower it by 20% when they do return (because they will return). Fyi, I am a former Steward in my union. Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/samsung-and-union-resume-talks-10-days-before-planned-18-day-chip-factory-strike#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.