Samsung Electronics has seem its market value hit $1 trillion, a week after posting record-breaking quarterly profits.
The company's share price surged by more than 15 percent on May 6, pushing its market cap past the $1tn mark for the first time.
For Q1 2026, the Korean tech giant reported revenue of $91bn, up 69 percent year-on-year, with its $39bn quarterly operating profit setting a new company record and exceeding the company’s FY25 full-year profits of $30bn.
The growth was primarily a result of increased sales across Samsung’s Device Solutions (DS) Division, with the ongoing demand for memory hardware credited as the main driving force behind the record-breaking figures.
Samsung is facing opposition from its South Korean workers, who are demanding that the tech giant share a greater percentage of its AI-driven profits with its employees.
Labor unions, including the National Samsung Electronics Union (NSEU), are asking that workers within the company’s chip division receive a share of 15 percent of its operating profits, in addition to the removal of the 50 percent bonus cap and a seven percent pay increase.
Samsung has offered workers a 10 percent profit allocation, a 6.2 percent pay increase, and additional benefits such as preferential mortgage loans. However, the union has rejected this deal and, should an agreement fail to be reached, an 18-day strike will commence on May 21.
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