this post was submitted on 16 May 2026
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278
Samsung starts winding down chip production six days before planned 18-day strike — company enters "emergency management mode," daily losses could hit $2 billion (www.tomshardware.com)
submitted 9 hours ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[–] fubarx@lemmy.world 48 points 5 hours ago (2 children)

https://www.techspot.com/news/112343-samsung-chip-workers-reject-340000-bonus-sk-hynix.html

For context, Samsung offered the workers a one-time $340K bonus. Workers refused, since their competitor SK-Hynix has annual employee profit-sharing. SK employees are getting $477K bonuses this year, and $900K next year. The 18 day strike will cost Samsung around $250K loss per employee. This likely won't be the last strike.

The disputes are over profits from HBM memory used in AI servers. Expect memory prices to keep going up.

[–] crystalmerchant@lemmy.world 7 points 4 hours ago (3 children)

Is that 340k in USD?

[–] Jessica@discuss.tchncs.de 0 points 35 minutes ago

Why would a company in Korea be paying Koreans in American currency?

[–] RememberTheApollo_@lemmy.world 18 points 4 hours ago* (last edited 1 hour ago) (1 children)

Quick read of the article and it only shows “$” and not ₩. So I assume that means USD.

That’s a big payout, and it shows how much we’re getting gouged for memory prices.

[–] Jessica@discuss.tchncs.de 3 points 33 minutes ago* (last edited 30 minutes ago) (1 children)

OP's article sucks. It is all in Won according to this article from Tom's hardware

https://www.tomshardware.com/tech-industry/samsungs-last-ditch-union-talks-collapse-eight-days-before-planned-18-day-chip-factory-strike

Professor Song Heon-jae of the University of Seoul puts the figure higher, projecting losses of approximately 1 trillion won ($700 million) per day from factory shutdowns, Seoul Economic Daily reported on April 26.

So Samsung offered like $225 USD for a one time bonus to these employees. No wonder they're striking

[–] RememberTheApollo_@lemmy.world 1 points 27 minutes ago* (last edited 26 minutes ago)

Ah, that makes more sense. $225 is minimal for a “bonus” payout. Thanks for finding a better source.

[–] Goodlucksil@lemmy.dbzer0.com 1 points 4 hours ago

That's a one-time, but that's less than 200K per month (still a lot)

[–] harambe69@lemmy.dbzer0.com -2 points 1 hour ago (1 children)

$400k bonus per employee? Forgive me for not shedding a tear in solidarity with them.

[–] HertzDentalBar@lemmy.blahaj.zone 3 points 40 minutes ago

You should demand the same if working for a company that makes the levels of money Samsung does. We're cooked over here in the west.