Members of National Samsung Electronics Union hold placards bearing their messages against the company in front of the company building while staging a walkout protest, in Seoul, South Korea, Jun 7, 2024. on Friday , signalling more assertiveness among employees just as South Korea's most powerful conglomerate races to catch up in chips used in artificial intelligence.
"The purpose of today's strike action is to have meaningful conversation with management," NSEU official Lee Hyun-kuk told Reuters. He said the union was preparing further action on Friday, without providing details. The walkout is unlikely to impact DRAM or NAND flash memory production or lead to shipment shortages as manufacturing is highly automated, said market researcher TrendForce.
They started after Samsung Electronics decided to increase wages this year by 5.1 per cent. The NSEU, the biggest of five unions at the firm, want further commitments such as improvements to the performance-based bonus system and an extra day of annual leave. Any larger scale or protracted industrial action would be a headache for the world's biggest memory chip maker as it scrambles to catch up with rivals making high bandwidth memory chips used in AI applications.
Last month, Reuters reported that Samsung's HBM chips were yet to pass Nvidia's tests for use, which analysts see as a crucial milestone both reputationally and in terms of profit momentum.
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