News
TSMC Employees Are Exploding With Rage Over Rumored Bonus Cuts Despite A 58% Profit Jump, And Are Coalescing Around Samsung-Style Strikes
7+ hour, 11+ min ago (306+ words) The seemingly never-ending bonus-related saga at Samsung is now spurring a chain reaction across Asia's industrial heartland, with some TSMC employees now actively advocating for the tactics employed by Samsung's unions in recent days to counter the management's penny-pinching ways....
Samsung Shareholders Up In Arms Over The "Illegal" Incentives Deal That Will See Each Memory Division Worker Take Home ~$400, 000 In Bonuses
2+ day, 6+ hour ago (221+ words) Given the current expectations that Samsung will earn an operating profit of around 300 trillion won ($198 billion) this year, each memory-focused employee stands to take home around 600 million won ($397, 751) in bonuses this year alone. Do note that Samsung's semiconductor division workers…...
Report: Samsung Hits 80% Yield on 4nm Process as NVIDIA-Backed Groq, IBM, and Baidu Pile Onto Its Foundry
3+ week, 3+ day ago (553+ words) Korean semiconductor giant Samsung has achieved 80% production yield with its 8-nanometer chip manufacturing process, according to a media report from the Seoul Economic Daily. Samsung's yields are a frequent feature of industry discussion, with multiple media reports highlighting the firm's…...
Fed Chair Explains What It Would Take For A Rate Cut In September
9+ mon, 3+ week ago (259+ words) Fed chairman Jerome Powell discussed the factors that would drive the central bank's rate-setting monetary policy committee to lower interest rates in September. The Federal Reserve decided to keep interest rates unchanged today, with two members dissenting for the first…...