Samsung Strike Could Deepen DRAM Crunch And Cost $20 Billion As An 18-Day Walkout Risks Becoming a 36-Day Production Blackout
Samsung management appears intractable, unwilling to yield to the bonus-related demands of its unionized workers, setting the stage for a high-stakes showdown next month. As the world's largest memory-related production capacity now appears headed for an utter paralysis, industry fears continue to mount, especially as production restoration might take twice as long as the planned 18-day strike. The wider semiconductor industry is gripped with fears of a prolonged production halt at Samsung, which would worsen the ongoing DRAM shortage As a refresher, Samsung's union workers are currently demanding 15 percent of the company's annual operating profit, which amounts to around $30 billion, […]
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