SEOUL, Jul. 8 (Korea Bizwire) — Unionized workers of Samsung Electronics Co. are set to launch a three-day strike Monday, but the planned labor action is unlikely to disrupt production at the technology giant due to low participation. The National Samsung Electronics Union (NSEU), the biggest labor union with 29,000 members, will kick off the [...]
SEOUL, Jul. 5 (Korea Bizwire) – Samsung Electronics, the world’s largest memory chip maker, has announced a significant increase in performance bonuses for its semiconductor division, signaling a recovery in the chip market after a challenging year. Employees in the company’s Device Solutions (DS) division, which oversees semiconductor operations, will receive bonuses of up to 75% [...]
SEOUL, Jul. 3 (Korea Bizwire) – In an unprecedented move, Samsung Electronics’ largest labor union has declared its intention to stage a full-scale strike, raising concerns about potential disruptions at the tech giant’s operations. The National Samsung Electronics Labor Union, representing approximately 28,000 workers or 22% of the company’s workforce, announced on July 1 that wage [...]
SEOUL, Jul. 1 (Korea Bizwire) – Samsung Electronics, the South Korean tech giant, saw a significant decrease in its tax and statutory charges last year, while experiencing a slight increase in labor costs, according to the company’s latest sustainability report. The 2024 Sustainability Report, released on June 28, reveals that Samsung’s global tax and statutory charges, [...]
SEOUL, Jun. 17 (Korea Bizwire) — Samsung Electronics Co. said Monday it has joined hands with Seoul National University (SNU) to establish a joint research center focused on artificial intelligence in a way that enhances technology and competitiveness in the sector. Under this partnership, Samsung Electronics’ device division, which handles mobile, TV and home appliances, [...]
SEOUL, Jun. 13 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will provide comprehensive “one-stop” artificial intelligence solutions for its foundry customers, with a focus on up-to-date technologies for high-performance, low-power AI chips. “At a time when numerous technologies are evolving around AI, the key to its implementation lies in high-performance, low-power semiconductors,” Choi [...]
SEOUL, Jun. 7 (Korea Bizwire) — Unionized workers of Samsung Electronics Co. were set to launch a one-day walkout over wages on Friday, a union official said, in what would be the first walkout at the technology giant. About 28,000 members of the National Samsung Electronics Union (NSEU) were set to collectively take the day [...]
SEOUL, May 30 (Korea Bizwire) — Samsung Electronics said Thursday its new artificial intelligence-powered laptop will be available globally next month as part of its plans to lead the AI era. Powered by Qualcomm’s Snapdragon X Elite, a next-generation processor, the Galaxy Book 4 Edge features both on-device and cloud AI capabilities. These include real-time [...]
SEOUL, May 29 (Korea Bizwire) – While Samsung Electronics, once riding high on expectations of reaching 1 million won per share, has again faltered in the 800,000 won range, analysts on Wall Street remain optimistic about the tech giant’s stock prospects. Foreign investors have been offloading over 7 trillion won worth of Samsung shares they had [...]
SEOUL, May 25 (Korea Bizwire) – The United States, China and countries around the world are waging an intense battle to gain supremacy in the semiconductor industry, crucial for cutting-edge technologies. On May 23, in a meeting presided over by President Yoon Suk Yeol, South Korea’s government unveiled a comprehensive 26 trillion won support package for [...]