Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

Samsung Electronics workers strike for the first time ever

SKOREA-SAMSUNG-STRIKE
National Samsung Electronics Union members strike outside of Samsung’s office building in Seoul, South Korea. | Photo by Anthony Wallace / AFP via Getty Images

Samsung Electronics workers went on a strike on Friday for the very first time in the company’s history. The move comes at a time when the Korean corporation faces increased competition from other chipmakers, particularly as demand for AI chips grows.

The National Samsung Electronics Union (NSEU), the largest of the company’s several unions, called for the one-day strike at Samsung’s Seoul office building as negotiations over pay bonuses and time off hit a standstill. The New York Times reports that the majority of striking workers come from Samsung’s chip division. (Samsung Electronics is technically only a subsidiary comprising its consumer tech, appliances, and semiconductor divisions; Samsung itself is a conglomerate that controls…

Continue reading…

You May Also Like

Editor's Pick

On this video from StockCharts TV, Julius assesses the quality of the breakout in the S&P 500, using sector rotation on Relative Rotation Graphs,...

Editor's Pick

It was a truncated day for the markets; over the past four trading sessions, the Indian equities continued to edge higher and ended on...

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson walks you through the “heart and soul” of StockCharts – Your Dashboard – and explains...

Editor's Pick

Neal McCluskey and Colleen Hroncich On May 17, 1954, something necessary but not sufficient for American liberty happened: The US Supreme Court struck down...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.