Samsung Electronics

Global semiconductor revenue jumps 18 per cent in 2024: report

The global semiconductor industry witnessed a strong rebound in 2024, with total revenue reaching $626 billion, marking an 18.1 per cent increase from the previous year, according to a report released on Monday. This positive momentum is expected to continue, with projections indicating that semiconductor revenue will climb to $705 billion in 2025, the report from Gartner stated. While memory dominated the market, non-memory semiconductor revenue also saw a 6.9 per cent increase in 2024, accou...

October 16, 2024 8:02 PM

Samsung workers decide to call off strike after thirty-eight days

After 38 days of intense protests, workers at Samsung Electronics have decided to end their strike and return to work. The breakthrough came following a series of conciliation talks between the Tamil Nadu government, union leaders, and company management, culminating in an agreement aimed at addressing workers' grievances. The strike, which began on September 9, saw over 1,500 employees at Samsung’s facility in Sunguvarchatiram, Kanchipuram district, demanding wage hikes, union recognition, a...