On Air Now

The Midnight Special

8:00pm - 10:00pm

Now Playing

The Calling

Our Lives

Samsung workers demand greater slice of profits from AI boom

Thousands of Samsung Electronics' workers have staged a rally to demand a greater slice of profits from the boom in artificial intelligence (AI) technology.

The South Korean company's computer chip facility at Pyeongtaek was disrupted by the mass walkout that saw staff threaten to strike without higher bonus payments.

The union-led protest's organisers accused Samsung of failing to offer adequate compensation despite its strong performance.

Money latest: Major lenders cut mortgage rates 'aggressively'

It has rejected the management's proposal for bonuses of restricted stock and called for removing caps on bonuses.

Samsung, which together with rival SK Hynix produces about two-thirds of global memory chips, has forecast a record first quarter operating profit of $38.6bn (£28.6bn).

Holding signs and waving banners, the workers shouted a series of slogans including "make compensation transparent and remove maximum limits on bonuses".

One banner contained nicknames for executives and mocked them over their attitudes towards workers' rights.

The chief complaint is that rewards at SK Hynix are far higher, with workers claiming that Samsung had lost many workers to the lure of better pay at its main rival.

Union officials estimated that 40,000 of its 72,000 members participated in the demonstration.

They have threatened to stage an 18-day walkout starting on 21 May if negotiations with management fail.

One union leader told workers and reporters: "We won't stop this fight until our fair demands are met."

Chipmakers have enjoyed years of strong demand due to the surge in AI-related investment across the global economy.

The outlook has been somewhat clouded by the effects of the Middle East war as companies move to cut costs in response to surging energy prices.

The conflict has also disrupted supplies of key materials such as helium and bromine that are crucial to chipmaking.

Samsung has said in response to the staff protest that it remains in dialogue with workers' representatives and that any strikes would be counterproductive.

Sky News

(c) Sky News 2026: Samsung workers demand greater slice of profits from AI boom

Donate to Roch Valley Radio

 

Do you have a story for us? Want to tell us about something happening in our Borough?

Let us know by emailing newsdesk@rochvalleyradio.com

All contact will be treated in confidence.

More from Business

Donate to Roch Valley Radio

 

Recently Played

Newsletter

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter and stay updated.

   

Coming up next On Air

  • The Midnight Special

    8:00pm - 10:00pm

    Craig, Christian and Tony bring a mix of songs & genres & nonsense, from brand new to classic.

  • Ben

    10:00pm - Midnight

    With Ben Chuvali

  • After Hours

    Midnight - 2:00am

    For the night owls, night workers and everyone still going while the rest of the town sleeps. Music, chat and company after dark.

  • Wide Awake Club

    2:00am - 5:00am

    For those who find themselves awake at 3am more often than they’d like. Calm music, understanding voices and quiet company.

  • Up Before the Alarm

    5:00am - 7:00am

    for early starters, commuters and anyone already on their second brew. Livelier music and new voices warming things up before breakfast.

  • Friday Breakfast

    7:00am - 10:00am

    getting you out of bed and to work and school with great music and headlines.