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Samsung Electronics and its largest labour union will resume negotiations on Monday in what South Korean Prime Minister Kim Min-Seok has described as “virtually the last chance” to prevent an 18-day strike at the world’s biggest memory chipmaker. If the talks fail, the union’s 41,000 confirmed participants, a number expected to exceed 50,000, will walk […]
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The company dropped its preconditions on Friday. The NSEU said it would hear new offers from 7 June, three days after the planned 18-day walkout ends. Samsung Electronics asked its largest union on Friday to come back to the bargaining table without conditions. The union said yes, eventually. Talks could resume on 7 June, the […]
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Samsung offers to talk; the union says June, after the strike Read More »
A week after Samsung Electronics passed $1tn in market value, its largest union is preparing an 18-day strike that could disrupt the AI memory chips inside that valuation. The wage gap with SK Hynix is the spark. The bonus formula is the fight. Samsung Electronics sent a letter to its two largest unions on Thursday […]
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Samsung wants its union back at the table. The union wants the bonus formula in writing. Read More »
The complaint says a backstage shot from the 2024 Austin City Limits Festival ended up on Crystal UHD packaging in retail and online channels worldwide, and that Samsung ignored her cease-and-desist requests. Dua Lipa filed a $15 million federal lawsuit against Samsung Electronics on Friday, alleging that the company has been using a 2024 photograph […]
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Samsung’s stock has more than quadrupled in a year. The KOSPI broke 7,000 for the first time. Two Korean chipmakers now account for 42% of the index. The supercycle that built this rally is, by Samsung’s own forecast, not yet at its peak. There is a particular type of market moment that does not happen […]
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Won-Jin Lee, a marketing veteran, takes over the Visual Display business after a quarter of declining TV profits. His predecessor moves to AI and robotics. Samsung Electronics has changed the head of its television business for the first time in more than two years, an unusually direct admission that something is not quite right at […]
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Samsung swaps its TV chief for the first time in two years as TCL closes in Read More »
The Lee family of South Korea, which controls Samsung, has doubled its wealth in twelve months. Bloomberg’s Billionaires Index now values the dynasty’s holdings at $45.5 billion, up from $22.7 billion a year ago, propelling the Lees from tenth to third among Asia’s richest families. The catalyst is not a new product or a management […]
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Samsung’s founding family doubled its wealth in a year. Its workers want a share. Read More »
Samsung says the RAM shortage could get even worse next year Read More »
Samsung’s first smart glasses have leaked Read More »
Is this Samsung’s upcoming wide foldable? Read More »