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
https://www.tomshardware.com/tech-industry/big-tech/samsung-reportedly-set-to-distribute-up-to-usd26-6-billion-to-staff-in-ai-driven-semiconductor-bonuses-after-last-minute-union-deal-average-payouts-could-approach-usd400-000-per-chip-employee
37 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
Meanwhile in America, tech workers continue to leave money on the table by hating on unions.
Yall hiring?
If Samsung is doing this what’s stopping other American companies the size of Samsung from doing this?
Wow what a wild idea that a company would share profit with its employees
Fucking bullshit I just fucking left Samsung two years ago
Are they hiring?
Only not in the us. Of course I wouldnt expect any less from the gluttony of America.
That’s how you do it, America.
Lesson here:
THE STRIKE WORKED!
Very good results.
Happy for them 👍
Looks like they are following the proper procedure for trickle down economics. U.S. companies doomed themselves. Certain people will be rich, sure, but when the dollar becomes eventually worthless, they’ll be equals to everyone else, and foreign countries won’t allow them in due to their horrific ethics.
Unionize immediately.
Sure would be nice if we scared the shit out of corporations enough that we could do that. Alas, they would rather buy their third Yacht, a vacation mansion in Avon Colorado, and laugh as we struggle to pay ambulance bills.
They are paying them cuz we are in the sunset era of human jobs as these engineers, chip makers will make their own jobs extinct. Believe me, these companies are looking 10 years out.
Samsung should man up and take the hit, as they normally do. It’s really surprising that they should succumb to such pressure.
Samsung’s semiconductor division had its first-ever strike earlier this year after management initially offered 5.1% raises while the company posted record-high executive compensation. The union walked out for weeks. This bonus package is the settlement, not spontaneous generosity and the timing matters because Samsung has been hemorrhaging market share to SK Hynix in high-bandwidth memory for AI accelerators. They needed labor peace and engineers back at full capacity.
The $400k average is misleading. Samsung’s chip division employs over 100,000 people. If you’re dividing $26.6 billion across that headcount, most line workers and junior engineers aren’t seeing anywhere near $400k. That figure likely includes executive bonuses and stock grants concentrated at senior levels. The actual distribution structure would be worth finding the gap between what executives get versus fab technicians probably tells the real story about whether this is actually as worker-friendly as the headline suggests.
I wonder what this will do to inflation.
they better get that in writing for each and every person or Samsung will pull a fast one on them in a month claiming they never said that.
Thats a good way to cause inflation. Ever heard of Mansa Musas Hajj?
Holy shit.
How can I work for Samsung?
👀
If (assume that) Samsung goes into negative next time, will it deduce the losses from the workers payments? As at this rate it would seem “fair”. As otherwise all the workers effectively become shareholders in terms of income.
Oh, so it IS possible.
So at least for 66500 employees/families
And here in my country so many normal people are defending the companies saying these workers are stupid for demanding and that this is the last time before they got replaced by AI and robots. Seriously we are so doomed.
Wow, that’s like 10 years of salary all in one go 🙂
Although is that before/after tax?
Lol currency screw up in report
Well, maybe then Samsung employees can afford to buy some of their own company’s products without VC backing. The rest of us sure as shit can’t.
Payouts followed by layoffs.