Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

micron hynix samsung memory bonus workplace strike union employee

Micron's workers want the AI boom bonuses SK Hynix and Samsung already gave theirs

SK Hynix paid employees around $477,000 each, with next year's bonus potentially reaching $900,000
Bottom line: The profits of DRAM and NAND manufacturers have skyrocketed since the AI boom drove up demand for memory. After SK Hynix and Samsung awarded their employees generous bonuses from the windfall, union members at Micron are now wondering when they will receive their share.
meta layoffs tracking surveillance staff

Zuckerberg's bold plan to replace Meta employees with AI has imploded

Meta explored 60% team cuts in two waves before staff revolt forced a retreat
A hot potato: Meta set out to reorganize much of its workforce around AI at the beginning of this year, betting that agents could help the company move faster while reducing the need for larger teams. The company went ahead with 10% workforce cuts in May but ultimately dropped plans for a broader round of layoffs after its AI workplace "overhaul" ran into employee resistance and technical problems.
china cxmt shanghai memory financials

Chinese memory firm CXMT relied on leaked Samsung technology to skip years of R&D, court testimony claims

A former Samsung engineer testified the startup lacked basic lab facilities from the start
Cutting corners: Building a memory chip from the absolute ground up takes years and costs a fortune. ChangXin Memory Technologies (CXMT) apparently decided to skip the hard part – and today, the company stands as China's biggest DRAM producer. A South Korean court recently heard some fairly wild details about how the memory maker actually got its start.
european central bank magnificent 7 wall street stock market europe dotcom

European Central Bank warns AI bubble burst could trigger systemic fallout

"A US AI fallout would not remain a US problem"
Euro Burstin': While US companies continue pouring massive sums of capital into their AI data center expansion plans, European authorities are thinking about the impending AI bubble burst. A correction is likely, according to Europe's main banking institution, and its impact will not spare anyone, anywhere in the world.
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