Possible Samsung strike puts even more pressure on memory pricing
Korean Won in front of a calculator
As a senior policymaker ponders whether all South Koreans should enjoy an ‘AI dividend’
RAM prices have risen after negotiations between Samsung and a union representing many of its workers collapsed – and the union has now called for a lengthy strike to start next week.
The National Samsung Electronics Union (NSEU) has noticed the extraordinary profits the Korean giant is making thanks to the high price of RAM, and wants the company to boost members’ pay with bonuses tied to profits. Talks on that idea have stalled, and pointing out that Samsung pays memory-makers less than peers at SK Hynix hasn’t found a receptive ear. The Union therefore plans to start an 18-day strike next week.
If the industrial action goes ahead, it has the potential to disrupt memory production, which would mean further shortages at a time DRAM is already expensive...
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