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 artificial intelligence 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 and benefits since January but the two sides have failed to narrow their differences.
“It’s difficult to provide an exact number, but from what I’ve seen of the workplace attendance in the morning, there is a significant difference from the usual,” he said.Samsung Electronics said it has been “diligently engaging in negotiations with the union and will continue to do so”, and that there is “no impact on production and business activities”.
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.The union told AFP on Friday that it “is willing to positively review” that offer if Samsung also provides an additional day of annual leave and transparent performance-based bonuses.
“Finally, fabs rely heavily on automated production and require minimal human labor. Therefore, the strike will not have any substantial impact on the future memory supply,” the report said.
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