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15 May 202628 Dhuʻl-Qiʻdah 1447 AH
Historic Strike Threatens Samsung's Future with 45,000 Workers

Historic Strike Threatens Samsung's Future with 45,000 Workers

Samsung Electronics is poised to enter its largest strike in history, with over 45,000 workers set to strike for 18 days starting May 21. This move raises concerns among the South Korean government and foreign investors, with JPMorgan estimating potential operating profit losses between $14 billion and $21 billion. The crisis centers on the "fair distribution" of profits from the AI boom, as memory chip employees received bonuses up to 600% of their annual salary, while semiconductor fabrication workers received bonuses of only up to 100%.

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