No. of Recommendations: 5
What I just wrote that my insider said can´t be, right? My mind refuses to believe it. Please somebody knowing about Hynix and this pay package for their core developers tell me where I misunderstood my guy.
Hynix is South Korean. It would make a lot more sense if this were KRW (South Korean Won), where 650M W is $417K USD.
I've never heard of a pay package like $65M USD annually (let alone $650M USD annually) in development of any kind, outside of a couple of rumors of 9-figure signing bonuses from Meta for elite AI researcher/developer types. The math doesn't add up for $50-100B USD revenue and 300 employees making $.65B USD.
650M KRW / 415K USD is what I'd expect critical, principal developers to be making before performance bonus. While reading up on this, the South Korean employees have a profit sharing based bonus pool, and everybody is benefiting from the memory shortage. It sounds like a lot of employees are looking at 6 and low 7 figure bonuses this year.