Semiconductor market boom-Samsung Electronics and SK Hynix

Yugyeong Jeong

SK Hynix

Samsung Electronics and SK Hynix ranked first and second in terms of market capitalization in the second quarter of this year. This is because the company value has risen as the semiconductor market has boomed. As a result, the two companies will pay up to 100% of their base pay as a performance pay in the first half of this year. On the 5th, Samsung Electronics disclosed the TAI (Target Achievement Incentive) payment rate through its internal network. TAI is one of Samsung Electronics’ performance-based pay systems, which differentiates up to 100% of the base pay based on performance in the first and second half of the year. It was announced that the DS memory division, CE home appliance, image display division, and IM network division, which achieved good results, would receive 100%. However, the DS Foundry Division, System LSI Division, and IM Wireless Division, which did not perform well due to the shutdown of the US plant, were given performance pay at 75%.

SK hynix also announced on the afternoon of the same day that it would pay PI (Productivity Incentive) for the first half of the year, equivalent to 100% of the base salary. PI is an incentive paid according to the achievement of productivity goals. SK hynix has been paying PI in the first and second half of the year for 10 years since 2010, except when it paid 100% a year in the aftermath of a fire at a factory in China in 2013. As a result, the voices of Samsung Electronics employees who differ in performance pay are being raised.

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