Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
1 month ago

Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb

Live Mint  

-- Samsung Electronics Co. and its largest labor union have tentatively agreed to a 5.1% wage increase and stock awards for staff in 2025, signaling efforts by the two sides to defuse tensions that triggered the company’s first-ever labor strike last year. Under an initial agreement, Samsung will for the first time give 30 shares of the company to all employees — equivalent to about $1,200 at Monday’s closing price. The company in January addressed one of the key changes that the labor union pushed for last year by deciding to pay part of executives’ bonuses in stock rather than all cash for the first time. Booyoung Group, a housing construction company, began giving 100 million won or the equivalent of some $70,000 to each employee who’s given birth since last year.

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History of this topic

Talks between Union and Samsung management fail
3 weeks, 1 day ago

Talks between Union and Samsung management fail

The Hindu  

The Additional Labour Commissioner on Thursday held another round of negotiations between the Samsung India Workers Union and the company’s management over the suspension of union members, but it failed to end in a resolution. A section of Samsung India workers has been on strike since February 5 over the suspension of three union members. The Union has rejected the …

Samsung workers to continue protests over suspensions as talks with the company fail
1 month, 2 weeks ago

Samsung workers to continue protests over suspensions as talks with the company fail

The Hindu  

After the latest round of talks between the Samsung India Workers Union and Samsung management over the suspension of three union members ended without a resolution on Friday, union members decided to continue their protests. A.S. Soundararajan,CITU Tamil Nadu general secretary, said that the talks were unsuccessful because management refused to lift the suspension of the three workers. Samsung, in …

Tamil Nadu | Why 1,400 Samsung India Workers’ Union are Still Fighting for Fair Working Conditions in Sriperumbudur?
1 month, 2 weeks ago

Tamil Nadu | Why 1,400 Samsung India Workers’ Union are Still Fighting for Fair Working Conditions in Sriperumbudur?

The Hindu  

Published : Feb 12, 2025 17:24 IST - 4 MINS READ If the basic registration of their union, Samsung India Workers’ Union, proved to be a herculean task for the workers of the plant in Sriperumbudur, returning to work after their strike appears to be an equally great challenge. Some 1,400 workers of SIWU have been protesting within the premises …

Samsung Electronics' TN Unit Sees Second Protest In 5 Months, Says Report
1 month, 2 weeks ago

Samsung Electronics' TN Unit Sees Second Protest In 5 Months, Says Report

ABP News  

Samsung Electronics found itself in conflict with its workers again. The firm’s plant, about 50 km from Chennai, reportedly saw 500 workers holding a sit-in protest on the campus on Friday, reported Business Standard citing sources. E Muthukumar, President, Samsung India Workers’ Union and secretary of the Centre of Indian Trade Unions in Kancheepuram, noted, “The union is having only …

Samsung workers strike against suspension of three union leaders
1 month, 3 weeks ago

Samsung workers strike against suspension of three union leaders

New Indian Express  

CHENNAI: A section of Samsung workers at the company’s manufacturing unit in Sriperumbudur staged a sit-in strike on Wednesday against the suspension of three staff allegedly without any basis. All three were office-bearers of the CITU-backed Samsung India Workers’ Union, which was recently registered by Tamil Nadu’s Labour department under the Trade Unions Act. The company is continuing to make …

Samsung Workers Demand Registration of Union under Trade Unions Act
5 months ago

Samsung Workers Demand Registration of Union under Trade Unions Act

The Hindu  

Samsung workers demand registration of their union under the Trade Unions Act, 1926. The workers, represented by the Samsung India Workers Union (SIWU), have been on strike for over 30 days, demanding recognition of their trade union. The union, affiliated to the Centre of Indian Trade Unions (CITU), applied for registration under the Act but was denied by the Registrar …

Strike by more than 1,000 Samsung workers enters a third week in India
6 months ago

Strike by more than 1,000 Samsung workers enters a third week in India

Associated Press  

NEW DELHI — A strike by more than 1,000 workers at a Samsung India Electronics plant has entered its third week, and management is at an impasse over their demands for recognition of the employees’ union and higher pay, a workers union spokesman said on Wednesday, The employees strike in the plant near Chennai, the capital of the southern state …

Samsung India workers' strike: Production affected ahead of festive season
6 months, 2 weeks ago

Samsung India workers' strike: Production affected ahead of festive season

Hindustan Times  

Operations at Samsung Electronics' plant in southern India were disrupted for a second day on Tuesday by hundreds of employees striking for higher wages, in a rare episode of labour unrest for the South Korean company. Workers of a Samsung facility drink tea as they gather to take part in a strike to demand higher wages at its Sriperumbudur plant …

Samsung Electronics workers announce ‘indefinite’ strike
8 months, 2 weeks ago

Samsung Electronics workers announce ‘indefinite’ strike

Associated Press  

SEOUL, South Korea — Unionized workers at Samsung Electronics declared an indefinite strike Wednesday to pressure South Korea’s biggest company to accept their calls for higher pays and other benefits. Thousands of members of the National Samsung Electronics Union launched a temporary, three-day strike on Monday. In June, some union members collectively used their annual leaves in a one-day walkout …

Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’
8 months, 2 weeks ago

Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’

Hindustan Times  

Samsung Electronics Co.’s labor union of 28,000-plus workers has declared an indefinite strike escalating a dispute with South Korea's biggest company. The move threatens production at the world’s largest maker of memory chips and comes after thousands of workers rallied outside Samsung’s chipmaking complexes south of Seoul marking a three-day walkout demanding better pay. Members of the National Samsung Electronics …

Samsung's unionized workers to hold 3-day strike in South Korea this week
8 months, 3 weeks ago

Samsung's unionized workers to hold 3-day strike in South Korea this week

India TV News  

Unionized workers at Samsung Electronics are gearing up for a three-day general strike in South Korea this week, following unsuccessful negotiations with management regarding wages and working conditions. The National Samsung Electronics Union, the largest labour union within the company, consisting of 28,000 members, announced the strike last week. Despite the significant membership, the actual number of unionized workers who …

Samsung Electronics Workers’ Union Calls For Strike In South Korea: Report
8 months, 3 weeks ago

Samsung Electronics Workers’ Union Calls For Strike In South Korea: Report

ABP News  

A workers’ union at Samsung Electronics in South Korea called for a strike in July, media reports said on Tuesday citing a union official. However, the impact will be dependent on the number of chip plants operators that take part in the strike, the report noted citing Kim Yang-Paeng, senior researcher, the Korea Institute for Industrial Economics and Trade. The …

Samsung witnesses new opportunity in AI: Know-how
1 year ago

Samsung witnesses new opportunity in AI: Know-how

India TV News  

Samsung Electronics, the largest memory chip maker in the world has stated that the macroeconomic uncertainties are expected to grow higher by this year itself. In an annual meeting of shareholders Han Jong-hee, Vice Chairman and CEO of Samsung Electronics said, "Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased …

Samsung sees tech devices demand recovering in 2024 after record chip loss
1 year, 1 month ago

Samsung sees tech devices demand recovering in 2024 after record chip loss

The Hindu  

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. However, fourth-quarter losses shrank to 2.18 trillion won in the fourth quarter, lower than every other quarterly loss in 2023 in the business that has …

Samsung reports decline in profit but anticipates business improvement driven by chips
1 year, 1 month ago

Samsung reports decline in profit but anticipates business improvement driven by chips

Associated Press  

SEOUL, South Korea — Samsung Electronics on Wednesday reported an annual 34% decline in operating profit for the last quarter as sluggish demands for its TVs and other consumer electronics products offset hard-won gains from a slowly recovering computer chip market. The South Korean technology giant said it expects its business to improve throughout 2024, forecasting larger demands for semiconductors …

Samsung cuts pay hike to average 4.1 per cent, freezes raises for board members
1 year, 11 months ago

Samsung cuts pay hike to average 4.1 per cent, freezes raises for board members

India TV News  

Samsung business news : Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown. The pay raise is lower than the 9 per cent wage hike of the previous year, …

Samsung’s earnings plummet in warning sign for global demand
2 years, 5 months ago

Samsung’s earnings plummet in warning sign for global demand

Al Jazeera  

Samsung Electronics Co has flagged a worse-than-expected 32 percent drop in quarterly operating earnings, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. “Memory chip business is worse than expected, DRAM chip shipments may be down by higher-teens percentage versus second-quarter,” said Park Sung-soon, an analyst at Cape Investment & Securities. “Price …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 8 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report
2 years, 9 months ago

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report

News 18  

Samsung has reached its highest global smartphone market share in the last five years. This comes after Samsung regained the top spot as the best-selling smartphone brand in Q1 2022 with a market share of about 24 percent. While Samsung’s market share has reached 24 percent, Apple took a 15 percent share, and Xiaomi, the second-biggest Android took a 12 …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 10 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Samsung in talks to hike chipmaking prices by up to 20%
2 years, 10 months ago

Samsung in talks to hike chipmaking prices by up to 20%

The Hindu  

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20% this year, Bloomberg reported on Friday. The move is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg said, citing people familiar with the matter. Samsung Electronics is the world's second-largest chip contract manufacturer, after …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 11 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Samsung Electronics reports 50 percent jump in quarterly profits
2 years, 11 months ago

Samsung Electronics reports 50 percent jump in quarterly profits

Al Jazeera  

Samsung Electronics Co Ltd on Thursday reported a 50 percent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips. Although chip prices dipped in the first quarter, analysts said they had held up better than expected due to solid demand as well as cautious investment spending by chipmakers …

In Its Biggest Rejig Since 2017, Samsung Set To Merge Mobile And Consumer Electronics Business
3 years, 3 months ago

In Its Biggest Rejig Since 2017, Samsung Set To Merge Mobile And Consumer Electronics Business

ABP News  

New Delhi: South Korean multinational electronics major Samsung Electronics on Tuesday said that it will merge its mobile and consumer electronics divisions and appointed new co-CEOs in its biggest in its biggest management shakeup since 2017, to simplify its structure and focus on growing its logic chip business. The reshuffle could help the electronics major deal with challenges facing in …

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks
3 years, 10 months ago

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks

Live Mint  

Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won in loans for its local chip industry. "Countries around the world have entered fierce competition …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 11 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Samsung’s profits soared in last quarter, but outlook is bleak
4 years, 4 months ago

Samsung’s profits soared in last quarter, but outlook is bleak

Al Jazeera  

Launch of new foldable smartphones reignited demand that had flagged because of coronavirus, but competition and weakness in Samsung’s chips business could hurt in the near future. Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profit beat will ease amid intensifying competition and weakening …

Samsung Electronics to halt production at its last computer factory in China
4 years, 7 months ago

Samsung Electronics to halt production at its last computer factory in China

Live Mint  

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported …

Samsung expects smartphone demand to drive second half earnings
4 years, 7 months ago

Samsung expects smartphone demand to drive second half earnings

Live Mint  

Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. Samsung, the world's top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results on Thursday with a warning that the …

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness
4 years, 8 months ago

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

Live Mint  

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic, prompting U.S. DRAM supplier Micron Technology Inc …

Samsung profit beats forecast as chip demand surges despite virus
4 years, 11 months ago

Samsung profit beats forecast as chip demand surges despite virus

Al Jazeera  

Laptop makers and data centres are asking for more chips as the coronavirus drives people to work from home. Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs. Samsung Electronics said …

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus
5 years, 1 month ago

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus

Firstpost  

Samsung supplier SDI said it expects current-quarter earnings to be adversely affected by the virus outbreak. But in a guarded outlook, the world’s biggest memory chip and smartphone maker said on Thursday it couldn’t rule out the possibility that demand growth may be curbed amid lingering tensions on US-China trade and looming fears of the economic impact of the new …

Samsung pins recovery hopes on chip market after profit plunge
5 years, 1 month ago

Samsung pins recovery hopes on chip market after profit plunge

Al Jazeera  

Samsung’s operating profit of $23.4bn for last year was its lowest since 2015. Samsung Electronics Co is counting on a gradual recovery in memory chip demand from data centres and 5G smartphone makers to help it bounce back in 2020 after sliding to its worst operating profit in four years. But in a guarded outlook, the world’s biggest memory chip …

After Apple, Samsung warns weaker earnings in 2019 as chip sales slow
6 years, 1 month ago

After Apple, Samsung warns weaker earnings in 2019 as chip sales slow

Live Mint  

Seoul: Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29% drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. The global market leader in computer chips and smartphones said it expected "overall annual earnings to decline" this year, although sales of memory products would begin to revive …

Samsung braces for first profit drop in two years as China's economic growth slows
6 years, 2 months ago

Samsung braces for first profit drop in two years as China's economic growth slows

Firstpost  

Samsung is expected to see a 12 percent year-on-year drop in operating profit to 13.3 trillion. Samsung, due to publish preliminary fourth-quarter results on 8 January, is expected to see a 12 percent year-on-year drop in operating profit to 13.3 trillion won for the period, I/B/E/S data from Refinitiv shows. This headwind continued to buffet the industry in the fourth …

Samsung Electronics profit dips as smartphone sales fall
6 years, 7 months ago

Samsung Electronics profit dips as smartphone sales fall

Live Mint  

Seoul - Samsung Electronics on Tuesday said its second quarter net profit dipped slightly from a year earlier, with a fall in smartphone sales mitigated by strong demand for its memory chips. A sluggish market for premium mobile phones and stiff competition contributed to a decline in Samsung’s smartphone shipments and revenue compared to the previous quarter, denting demand for …

Samsung to be investigated for firing workers on joining labour unions
6 years, 8 months ago

Samsung to be investigated for firing workers on joining labour unions

Firstpost  

Some evidence in Jo’s case, however, showed Samsung was countering attempts to organize labor. “Everyone: Decide whether it is better to have an union or not,” one of officials said, according to a transcript provided by Jo, a 22-year veteran at Samsung’s Everland theme park. Samsung has since publicly said unions “create unnecessary conflicts” and “it strives to provide superior …

Earnings surge for Samsung Electronics on huge chip profit
7 years, 1 month ago

Earnings surge for Samsung Electronics on huge chip profit

Associated Press  

SEOUL, South Korea — Quarterly earnings surged again for Samsung Electronics, thanks to its record-breaking chip business. The division, which supplies chips that help data centers, servers, mobile devices and computers save data and run multiple programs rapidly, generated 10.9 trillion won in operating income during the quarter on sales of 21.1 trillion won, an unusually lucrative record for a …

Samsung to boost shareholder payouts after record earnings
7 years, 4 months ago

Samsung to boost shareholder payouts after record earnings

Live Mint  

Seoul: Samsung Electronics Co. is putting its record earnings to use with higher payouts to investors and increased investment to capitalize on surging component demand. Samsung has continued to bounce back from scandal thanks to a revived smartphone business and its grip on chip and display components needed by rivals, including screens of Apple Inc.’s marquee iPhone X. “Samsung’s plan …

Samsung Electronics quarterly profit climbs on chip demand, displays
7 years, 5 months ago

Samsung Electronics quarterly profit climbs on chip demand, displays

Live Mint  

Seoul: Samsung Electronics Co. reported better-than-projected profit on booming demand for displays and memory chips, while its newest smartphones take on Apple Inc. ahead of competitive year-end holiday sales. The world’s largest maker of memory chips already posted record earnings in the previous quarter as everything from computer servers to artificial intelligence-driven devices fuels demand for semiconductors, driving up DRAM …

Samsung aims to triple its market share in next five years as it plans to compete with TSMC
7 years, 8 months ago

Samsung aims to triple its market share in next five years as it plans to compete with TSMC

Firstpost  

Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business. Jung, executive vice president and head of the new Samsung foundry division, told Reuters on Monday at the South Korean company’s Giheung …

Samsung is likely to see a 30 percent jump in operating profits in Q1
8 years ago

Samsung is likely to see a 30 percent jump in operating profits in Q1

Firstpost  

Riding on strong sales of semiconductors, Samsung Electronics is likely to report a 30-percent jump in its first-quarter operating profit, market data showed Wednesday. According to a survey of earnings forecasts by market tracker FnGuide, Samsung is likely to post an operating profit of 8.7 trillion won for the January-March quarter, up 30.6 percent from the same quarter last year, …

Samsung stock hits highest since 1975 as it heads for a split
8 years, 3 months ago

Samsung stock hits highest since 1975 as it heads for a split

Live Mint  

Seoul: Samsung Electronics Co. didn’t quite come out and actually say it, but South Korea’s most valuable company is probably going to split as soon as next year. Elliott’s proposal to combine some businesses with the new holding company would let the Lee family preserve its sway and boost transparency and accountability. “Converting Samsung Electronics into a holding company is …

Samsung expands returns to investors
8 years, 3 months ago

Samsung expands returns to investors

China Daily  

Samsung Electronics Co will increase cash returns to shareholders, add at least one outside director and review its corporate structure, adopting some of the changes proposed by activist investor Elliott Management Corp. Samsung will spend at least six months looking at the possibility of creating a holding company structure and the feasibility of listing the company's shares on additional international …

Samsung planning to invest over $1bn in chip production facility
8 years, 4 months ago

Samsung planning to invest over $1bn in chip production facility

Firstpost  

Samsung Electronics Co Ltd said on Tuesday it planned to invest more than $1 billion by the end of June 2017 to boost production of system chips at its Austin, Texas, facilities in the United States to meet growing demand. The South Korean firm, the world’s second-largest chipmaker behind Intel Corp, said in a statement its investment would boost output …

Samsung Electronics posts highest profit since 2014, ships 30 million more phones than Apple
8 years, 8 months ago

Samsung Electronics posts highest profit since 2014, ships 30 million more phones than Apple

Firstpost  

South Korean tech giant Samsung Electronics Co Ltd said on Thursday it expects solid earnings to continue in the second half of 2016 South Korean tech giant Samsung Electronics Co Ltd said on Thursday it expects solid earnings to continue in the second half of 2016, with stronger components demand likely offsetting heightened margin pressures for smartphones. 1 maker of …

Samsung Electronics warns of tough 2016 amid fourth-quarter outlook concerns
9 years, 2 months ago

Samsung Electronics warns of tough 2016 amid fourth-quarter outlook concerns

Firstpost  

South Korean tech giant Samsung Electronics Co Ltd said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in key businesses including memory chips and smartphones. In a statement, Samsung said Chief Executive Kwon Oh-hyun told employees in a New Year’s address that low global growth will persist this year, with greater …

Analyst predicts Samsung may quit smartphone business in five years: Report
9 years, 4 months ago

Analyst predicts Samsung may quit smartphone business in five years: Report

Firstpost  

Samsung, one of the largest smartphone manufacturing brand among many other things is predicted to be ‘going downhill’ and might also be out of the smartphone business in the next five years. He says, “When you ship the same operating system as your competition you are only as good as their lowest price.” One of the factors responsible for this …

Samsung Electronics posts double-digit growth in Q3 profit
9 years, 4 months ago

Samsung Electronics posts double-digit growth in Q3 profit

China Daily  

A student walks past an electronic display promoting Samsung Electronics products at the company's headquarters in Seoul, South Korea, October 27, 2015. SEOUL - Samsung Electronics, the world's largest maker of smartphones, memory chips and TVs, posted a double-digit growth in the third-quarter operating profit thanks to a record high quarterly profit in the chip-making business, the company said Thursday. …

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