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On June 7, the Samsung Electronics union will declare the start of its first-ever business strike, which could cause disruptions to the worldwide semiconductor supply chain. Over 28,000 union members—or more than 20% of Samsung‘s whole workforce—are anticipated to take part.
The union charges that the business has consistently disregarded the requests of both the union and its members.
Design, manufacture, and assembly of consumer electronics, semiconductors, and communication devices are the main responsibilities of Samsung Electronics, a significant part of the Samsung Group. Samsung and TSMC are fierce rivals in the wafer foundry industry, with the two behemoths fighting for supremacy in sophisticated production techniques.
Apart from its influence on the foundry sector, Samsung is a prominent global smartphone producer and a frontrunner in memory manufacturing. It is one of the few multinational businesses that can incorporate cutting-edge memory chips with generative artificial intelligence.
A strike that is now affecting Samsung may have additional effects on the worldwide semiconductor supply chain. Nonetheless, several media outlets reported that it is unlikely that the Samsung union strike would have a major impact on factory operations.
The leadership of the chip division has undergone a substantial change concurrent with the union’s announcement of the strike. In her new role, Young Hyun Jun will oversee the company’s semiconductor operations as head of the Device Solutions (DS) division.
It is rare to replace a high-ranking executive like this in the middle of the year, according to a source who was quoted in a Reuters story. This is because Samsung usually makes personnel changes at the start of the year.
The Reports Has Been Accumulated from BBC, REUTERS and Further Edited By THE VOLT POST
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