Samsung Electronics' South Korean employees began voting on Friday on a proposed wage deal that has brought a bitter split to their ranks. The deal offers massive bonuses for employees at the high-margin memory chip unit, but staff at other businesses, like smartphone and home appliance, have expressed significant concerns that such a deal would …
Samsung Electronics managed to avoid an eighteen-day strike by almost forty-eight thousand union workers in a dramatic last-minute effort to prevent the action, sending shockwaves of relief through South Korea's financial markets. The agreement, which was worked out by the government's mediators, has since put an end to the threatened strike and will now go …
Nvidia CEO Jensen Huang came out on stage Wednesday with a measured dose of confidence and prudence. He told investors that the world's most valuable chipmaker isn't finished yet. Indeed, Nvidia is now investing a lot in a new class of data center chips that will continue its sensational streak. Over the years, I've observed …
Throughout April, while the broader market staged an impressive rally, hedge fund managers demonstrated a noticeable preference for stability and strong fundamentals over speculative bets. According to a newly released report from the data platform Hazeltree, funds largely stuck with their existing holdings in technology and semiconductor companies—a strategic move that played out against the …
More than forty-eight thousand Samsung Electronics employees are preparing to walk off the job this Thursday, marking what could become one of the largest coordinated labor actions in the company’s history. The strike follows weeks of tense negotiations over bonus payments, which finally broke down on Wednesday despite last-minute intervention from South Korea’s labor mediation …
The biggest South Korea company, Samsung Electronics and its labor union, have called for a new round of talks just as it appeared that they were facing an unprecedented and prolonged work stoppage. Talks between the two sides will continue on Wednesday after a marathon fifteen-hour negotiation session, which ended just after midnight. They succeeded …
In a recent memo to employees, Meta has detailed its plans for the restructuring that is set to occur on May 20. The Facebook parent company, which has been increasingly reshaping itself in recent months around artificial intelligence, is now readying itself to cut a hunk of ten percent of its global employees from the …
A big deal in the United Kingdom for Nokia, as they successfully appealed against lawsuits from Taiwanese tech firms Acer and Asus, over their patents. The ruling is just another development in the ever-evolving world of video streaming and telecommunications technology patents, where companies are keen to become the kings of digital communication systems and …
British pop star Dua Lipa has filed a lawsuit against Samsung Electronics claiming the tech giant has used her likeness for a promotional campaign for its TVs without her consent. The suit that calls for damages of at least $15 million has already garnered widespread attention both within the entertainment industry and in the business …
China's rapidly emerging AI firm DeepSeek is rumored to be in talks for its first major funding round, which could put the company's valuation at up to $50 billion. The change in approach is a major turnaround for a firm that has been deliberately avoiding investment from outside shareholders until now. Opening up for external …
A new legal battle is unfolding in the rapidly evolving world of artificial intelligence, as some of the world’s largest publishing houses have taken direct action against Meta, accusing the company of using copyrighted materials without permission to train its AI systems. The lawsuit, filed in a Manhattan federal court, signals a deepening conflict between …
By opening up its vast logistic network to external businesses Amazon has made a bold move into a new stage of growth and given the long-established industry leaders UPS and FedEx direct competition. This relocation is part of a larger change that has been happening within the company, as it is now no longer only …
The company also reported the highest quarter sales growth in more than four years, which pushed shares up 3.6 per cent in early Friday trading and is a positive sign that the company is still a force to reckon with in the consumer electronics industry despite the looming one of the most anticipated changes in …
The legal showdown between Elon Musk and Sam Altman is fast approaching its final act, with Musk set to return to the witness box for a fresh round of questioning. Central to this debate is a broader question of the future of artificial intelligence and its development for the public good versus for profit. The …
