Samsung faces mass strike threat as workers demand share of AI profits
Thousands of Samsung Electronics workers rallied in Pyeongtaek, South Korea, demanding higher bonuses and threatening to strike as AI-driven demand boosts memory-chip profits. The union, representing 74,000 workers, has threatened an 18-day walkout starting May 21 if negotiations fail.
Samsung Electronics workers rallied at its Pyeongtaek chip complex, demanding higher bonuses amid booming AI-driven demand for memory chips. Approximately 40,000 union members participated, police presence was heavy. Samsung's union rejected the company's bonus proposal and threatened an 18-day strike starting May 21, potentially costing over $676 million daily. Samsung forecast a record $38.6 billion first-quarter operating profit. The company and rival SK Hynix produce about two-thirds of global memory chips. SK Hynix reported an all-time high quarterly revenue and operating profit due to AI infrastructure investments.
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