Monthly Market Insight 3 - Flipbook - Page 3
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General Market Updates
Samsung Workers’ Strike Supplier Impact
On July 9, 2024, approximately 6,500 members of the National Samsung Electronics Union (NSEU)
initiated an indeonite strike after unsuccessful negotiations with Samsung Electronics for higher
wages and better working conditions. The NSEU, representing about 24% of Samsung9s workforce
in South Korea, demands a 3.5% base pay increase and improvements to the performance bonus
system. Samsung claims no disruption to production, while the NSEU anticipates signiocant impacts
on production lines.
Impacted Suppliers and Commodities
Ten major semiconductor suppliers are identioed as potentially affected by the strike. These suppliers
source various commodities from Samsung9s South Korean operations, which are at risk due to the
strike.
Supplier
Commodities Sourced
Cavium, Inc.
Microprocessors (MPU)
Inoneon Technologies AG
MOSFETs
NXP Semiconductors
Microprocessors (MPU), Telecom Interfaces,
Specialized ICs, Microcontrollers (MCU),
Embedded Interface Boards, Evaluation/
Development Kit & Boards
Samsung Electronics Co. Ltd.
White LED Lighting
Samsung Semiconductor, Inc.
DRAM, Memory Modules
STMicroelectronics N.V.
GBT (Board Mount) - Single, Power Drive
Modules, Motor Drive ICs
Texas Instruments Inc.
Display Drivers & Controllers, Specialized ICs,
Interface Controllers
Toshiba Electronic Devices & Storage Corp
Specialized Interfaces
Xilinx, Inc.
FPGAs
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