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81.5% of Samsung Foundry staff may look elsewhere
A union survey found 81.5% of Samsung Foundry employees are ready to seek new jobs within two years, amid sharp bonus gaps inside Samsung.
Imagen: ITzine
A union survey points to a serious retention problem at Samsung Foundry, the Samsung Electronics contract chip unit that manufactures semiconductors for outside customers. According to the poll, 81.5% of employees in the division are prepared to look for a new job within the next two years.
The survey ran from June 17 to June 30 and included 8,297 Samsung Electronics workers. Among employees in the contract chip business, 62% said their desire to leave was very high, while another 19% described it as high.
That is a troubling signal for a business already under pressure. TSMC has led the contract manufacturing market for several years, while Samsung is still trying to improve both fab utilization and customer orders.
The immediate trigger was a widening gap in bonuses agreed after May’s strike and talks with one of Samsung’s unions. Employees in Samsung’s memory business are set to receive annual bonuses in the coming months that, in some cases, exceed $400,000, although part of those payouts will come in stock with sale restrictions. By comparison, chip designers and workers in contract manufacturing are expected to receive about three times less, while annual payouts in the smartphone and home appliance divisions will be roughly 100 times smaller than those in memory.
Samsung’s semiconductor operations have long been its main profit engine, but the source says rewards inside the group have been distributed unevenly for years. Memory has historically generated more profit than contract chip production, making it easier for the company to direct larger bonuses there when it needs to calm internal tensions.
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For Foundry, the issue is more acute because it faces tougher competition not just for customers, but for engineers. The union plans to use the survey results in its next round of negotiations with management. For a company trying to strengthen its position in contract chipmaking, those numbers threaten delivery schedules, new process-node plans, and hiring just as much as any weak quarter.
Enterprise Editor
Marcus follows the money. He covers enterprise software, cloud architecture, and the tectonic shifts in Big Tech strategy. He translates dense earnings calls and complex M&A activity into actionable insights about where the industry is actually heading. If a tech giant makes a silent pivot, Marcus is usually the first to notice.
vía ITzine
