Samsung reportedly set to distribute up to $26.6 billion to staff in AI-driven semiconductor bonuses after last-minute union deal — average payouts could approach $400,000 per chip employee
Source: self-fix2
Samsung reportedly set to distribute up to $26.6 billion to staff in AI-driven semiconductor bonuses after last-minute union deal — average payouts could approach $400,000 per chip employee
Source: self-fix2
9 Comments
In America a single person at the top would gobble it up and fire 30% of his/her workforce.
And the company still profits billions, and all that money goes into the economy, makes better workers, and improves the lives of entire communities.
How its supposed to work. We need a new deal in America.
I hate when people say “average payout” – regular employee will get $10 and execs will get 10M but yeah the average is 400k
If this was the US, the shareholders would probably sue to make sure nothing trickles down to the workers.
But Korea still has a pretty strong union culture. Good for them.
As a retail RAM buyer you are welcome, Korean memory workers, but fuck your company.
This will push HBM prices up, further pushing up the prices all of the HBM companies can charge. Micron included.
Is this really a good thing? It seems like Samsung is making way too much profit and there’s not enough competition. While sharing the profits is a win for the union and labor, the situation is overall a loss for customers that are overpaying.
This is an area where government should step in and ask why there are obscene profits. Is there a monopoly? Is there enough demand to invest in more factories that does what Samsung does? What can be done to lower prices and spread the wealth out to more people?
If this shows anyone anything it’s that unions have power. Alot of wages going down for people in some countries are they basically had unions slowly dieing overtime, where they are starting to become rare. At the end of the day if there is no employees expectially in places where it’s not dead simple, companies loss stupid amount of money. Companies know it as well so they do crazy stuff like close down full locations just to not have it build momentum.
American companies spend that to buy back stocks instead. Exhibit A: Nvidia is buying back 3x this much in stock THIS QUARTER.
We’re really truly doomed in America at this point, unless you’re already above the average lifestyle