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Estimated Workforce at Chinese Facilities
Comparison of estimated employee numbers at Samsung and SK Hynix Chinese manufacturing plants.
Primary Sources
Samsung, SK hynix China Workers Demand Higher Bonuses Amid AI Chip Boom ...
Members of the National Samsung Electronics Union hold a rally for victory in a general strike at the Semicon Sporex in Samsung Electronics' Giheung Campus in Yongin, Gyeonggi Province, on the morning of the 22nd of last month. Yonhap NewsAs Samsung Electronics (005930.KS) surpassed $1 trillion (1,370 trillion won) in market capitalization to join the "trillion-dollar club," demands for higher performance bonuses are emerging even at its Chinese manufacturing plants. With the earnings and share prices of Samsung Electronics and SK hynix (000660.KS) surging on the AI chip boom, workers at overseas production bases — not just domestic employees — are beginning to demand "compensation on par with headquarters.""We Know Exactly What Headquarters Gets"… Chinese Local Hires Demand BonusesAccording to New Daily on the 6th, Chinese employees at Samsung Electronics' Xi'an semiconductor plant and SK hynix's Wuxi semiconductor plant are demanding higher performance bonuses.An industry source told the outlet, "Local hires at overseas subsidiaries know exactly how much headquarters employees are getting paid. As news about Samsung Electronics and SK hynix earnings and bonuses keeps appearing on Chinese portals like Baidu, demands for bigger bonuses are growing louder."SK hynix is reportedly aware of the situation. The company said, "We operate performance bonus systems tailored to the characteristics of each country."Samsung Electronics, on the other hand, said, "No official request for higher performance bonuses from locally hired employees at the Xi'an plant has been received."Trillions of Won Invested in Chinese Plants… Growing Bonus BurdenSamsung Electronics' Xi'an semiconductor plant in China. Yonhap NewsThe two companies' Chinese plants are not merely overseas production bases but serve as key parts of their semiconductor supply chains.Samsung Electronics' Xi'an plant is the company's only overseas NAND flash production base, accounting for approximately 40% of total NAND output. Local workforce is estimated at a minimum of 3,000 employees.SK hynix's Wuxi plant is a core base responsible for a significant portion of the company's DRAM production. The industry estimates that SK hynix employs at least 4,000 to 7,000 workers in China.Both companies have also been sharply expanding investments in their Chinese plants. According to electronic disclosures filed with the Financial Supervisory Service in March, Samsung Electronics invested 465.4 billion won in its Xi'an ...
Samsung workers demand bigger slice of surging AI profits
South Korean unions threaten strike action in battle for big bonuses and higher wages
Samsung hits $1 trillion valuation as AI boom drives massive chip demand
Samsung's trillion-dollar valuation reflects Wall Street's bet that AI demand will continue growing for years to come. The chip shortage gripping the semiconductor industry has created a perfect storm for Samsung's profits. Demand is surging while supply struggles to keep up, pushing prices higher and boosting margins.
Samsung Hits $1 Trillion Valuation — Stock Explodes As AI Chip Race ...
Samsung Electronics became the second Asian firm after TSMC to reach a $1 trillion valuation as shares surged 15%, driven by record AI chip profits.
