Get the latest tech news
Workers at Samsung Electronics go on strike for the first time ever
A labor union representing tens of thousands of workers at Samsung in South Korea went on strike Friday, marking the first such walkout in its 55-year history.
The Nationwide Samsung Electronics Union (NSEU) said last week that its 28,000 members — just under a quarter of the company’s total workforce in the country — would stage a strike on June 7, following failed negotiations over pay and bonus arrangements. That division is trying to regain its former status as a top semiconductor company, according to Reuters, which says Samsung has fallen behind its competitors SK Hynix and Micron Technology in delivering chips used in artificial intelligence (AI) processors. Last month, Samsung reported a more than tenfold rise in first-quarter operating profit amid forecasts of high demand for AI and high-end chips, an area in which it competes with Intel ( INTC) and Taiwan’s TSMC.
Or read this on r/technology