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Samsung Electronics workers strike for the first time ever
Workers held a one-day walkout over pay.
Samsung has historically been the world leader in making high-bandwidth memory chips — the kind that are in demand right now to power next-gen generative AI features. However, last year’s decline was partly because Samsung wasn’t prepared for increased demand, allowing local rival SK Hynix to take the top spot. In 2020, Lee Jae-yong — then heir, now executive chair of Samsung Electronics — issued an apology and promised to end the company’s “no-union management” policies.
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