… Read all comments on Samsung Shareholders Up In Arms Over The “Illegal” Incentives Deal That Will See Each Memory Division Worker Take Home ~$400,000 In Bonuses
The global memory sphere has just been saved by the proverbial bell, or gavel in this instance: a court-issued partial injunction has now barred Samsung's unionized workers from going on a planned strike, one that could have aggravated the ongoing DRAM and NAND shortages by crippling Samsung's prod… …
… Similarly, the LSI division employees will take home around 160 million won ~$100,000 in bonuses. Given the 100x difference in the bonuses for Samsung workers in memory and mobile divisions, the situation has predictably turned explosive. …
… Read all comments on Samsung Union Workers Approve The New Wage Deal With A 74% Majority, Cementing Bonuses Equal To 10.5% Of Operating Profit
… Given the size of these bonuses and the likelihood of the ongoing mania in the memory sphere continuing for the foreseeable future, it is hardly a surprise that SK hynix employees have become the hottest catch in South Korea's marriage mart, as per the emerging anecdotal evidence. …
… Samsung's Management & Workers Make Headway In Negotiations For Bonus According to members of the union and as reported by the Herald, Samsung's management has agreed to codify workers' bonuses for three years and then institutionalize them. …
… Basically, its unionized workers are demanding bonuses that are more typical of semiconductor pure plays such as SK hynix. …
… Do note that SK hynix workers receive 10 percent of their firm's annual operating profits in bonuses. Now, Samsung's unionized workers will be able to vote on the deal, beginning at 09:00 a.m. on May 21 and lasting through 10:00 p.m. on May 28. …
… Related Story Qualcomm May Once Again Command A Higher Share Of Snapdragon SoCs Found In The Galaxy S27 Series, And It’s Thanks To One Clever Strategy The wider semiconductor industry is gripped with fears of a prolonged production halt at Samsung, which would worsen the ongoing DRAM shortage As a … …
… Related Story Anthropic’s Offhand Mention Of ‘Logic Chips’ Has The Korean Media Salivating Over A Samsung Foundry Tie-Up, Even As MediaTek Just Killed A Nearly Identical Rumor Samsung workers recently managed to curtail output at the tech behemoth's memory fabs and foundry lines by 18.4 percent and… …