Samsung workers approve bonus deal after big AI profits
Samsung Electronics union members on Wednesday approved a deal with management securing massive annual bonuses, averting a major strike as the South Korean chip giant's profits soar due to booming demand for artificial intelligence tools.
Under the agreement, around 78,000 employees — out of the company's 125,000-strong domestic workforce — will each be eligible to receive a bonus of roughly $370,000 this year, based on a market estimate of annual operating profit.
The workers' union said more than 73 percent of its members backed the agreement, which was struck last week after threats of an 18-day strike that had raised fears over the impact on the country's economy.
Frenzied global demand for the memory chips that power AI data centres has turbocharged Samsung's earnings in recent months.
