Connect with us

Hi, what are you looking for?

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

Tech News

Illustration: The Verge Canada’s security agency is trying to dissuade Canadians from using TikTok, telling users that their data is “available to the government...

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...

World News

What makes a libertarian society libertarian? Certainly, one must begin—as did Murray Rothbard—not only with the nonaggression principle, but also with the unequivocal protection...

Editor's Pick

Nicholas Anthony Under the Biden administration, the government has launched an all‐​out “war on junk fees.” This “war” has covered fees charged by airlines,...