Samsung Electronics is one of the world's largest smartphone makers and also one of the only companies globally to produce high-end memory chips used for generative AI, including top-of-the-line AI hardware from industry leaders such as Nvidia.Management at the firm, the world's biggest producer of memory chips, has been locked in negotiations with the union over wages since January but the two sides have failed to narrow their differences.
5 percent raise or a 200 percent bonus!'Samsung Electronics is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy.Its shares were down 0.13 percent in afternoon trading in Seoul. Taiwan-based market research firm TrendForce said that the strike would not impact DRAM and NAND Flash production, nor would it cause any shipment shortages.