Thousands rally at Pyeongtaek chip complex demanding higher bonuses

Samsung Electronics labour union members at the company’s factory, demanding higher bonuses and threatening a strike. PIC/AFP

Thousands of Samsung Electronics workers rallied on Thursday at its computer chip complex in Pyeongtaek, South Korea, demanding higher bonuses and threatening to strike as booming demand for Artificial Intelligence (AI) drives up memory-chip profits.

Union officials said about 40,000 members participated. The rally came hours after Samsung's cross-town rival, SK Hynix, posted an all time high in quarterly revenue.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever