Leeno Industrial, a Korean semiconductor component manufacturer, went on strike for more than a month and suffered daily losses of about 2 billion won.
Quick Look
- Employees of South Korean semiconductor component manufacturer Leeno Industrial have been on strike for more than a month since July 20, causing the company to lose about 2 billion won every day.
- Some orders have been transferred to competitors such as Japan's Yamaichi, Yokoo and Taiwan's Yingwei.
- Customer trust has been damaged, and the long-term impact may last until next year.
AI-generated summary
Why It Matters
Leeno Industrial is a Korean semiconductor component manufacturer that mainly produces metal test points and sockets for semiconductor testing. Its customers include major international manufacturers such as Nvidia, Qualcomm and Broadcom.
First published 9-3 22:00<br>Updated 9-4 05:56
A semiconductor component manufacturer in South Korea has been on strike for more than a month. Schematic diagram. (Reuters)
[Financial Channel/Comprehensive Report] Korean media revealed that employees of South Korean semiconductor component manufacturer Leeno Industrial have been on strike since July 20, causing the company to lose about 2 billion won (approximately NT$46 million) every day, and even caused customers to transfer orders. It is reported that some orders have been transferred to competitors such as Japan's Yamaichi and Yokoo, as well as Taiwan's Winway.
Please read on...
Korean media "The Elec" reported that Leeno Industrial has been on strike for more than a month and is estimated to be losing about 2 billion won every day. The company has explained to some customers that it cannot deliver as scheduled and has suggested switching to other suppliers to avoid affecting customer development and mass production schedules.
According to reports, Leeno Industrial mainly produces metal test points and sockets for semiconductor testing. Its main customers include international semiconductor manufacturers such as Huida, Qualcomm and Broadcom.
The impact of this strike on customer trust and orders goes far beyond a simple production disruption. Currently, the company is unable to accept any new orders due to difficulties in delivering on time. As orders from existing customers switch to competitors, the potential for long-term damage increases. There are growing concerns that the impact of the strike could last into the second half of this year or even next year.
It is understood that some orders have been transferred to competitors such as Japan's Yamaichi and Yokoo and Taiwan's Yingwei.
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What to Watch
AI outlook — possibilities, not facts
Leeno Industrial and employees will resume negotiations in the coming weeks
Likely · Within weeks
Some customer orders may not return to Leeno Industrial in the short term
Possible · Within months
Open Questions
- What was the specific reason for the strike?
- Is there any progress in negotiations between labor and management?
- What percentage of customer orders are transferred?
- Will the strike affect the company's long-term competitiveness?
