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SK Hynix and Union Reach Tentative Wage Deal

SK Hynix and its labor union have reportedly reached a tentative wage and collective bargaining agreement. The deal includes a 6.3% salary increase and changes to the distribution of employee performance bonuses.

Bloomberg TechnologyMedia•23h ago#memory-supply#hbm#labor-relations

Memory Crunch Hits Xiaomi Profits Again

Xiaomi reported its third consecutive quarterly decline in profit as a global memory shortage raised smartphone costs. Adjusted net income fell about 43% to 6.22 billion yuan, while reported net profit declined 20.5%.

The Next Web (TNW)Media•1d ago#memory-shortage#smartphones#hardware-costs