Samsung's largest union ratified a $26.6B compensation deal averaging $340K per worker, averting an 18-day chip plant strike amid fierce AI memory competition.

The new deal, still being voted on, ensures enormous bonuses for memory chip workers but much smaller payouts for everyone else. Two Samsung unions take issue with that: one says…

Non-chip employees tried to block the vote, but a South Korean court has dismissed the injunction.

Samsung union members on Wednesday signed a deal securing massive annual bonuses – averting a major strike in South Korea where Samsung Electronics alone accounts for around 12.5…

Samsung Electronics' labor union is expected to announce Wednesday whether chip workers voted to ratify a wage deal that would deliver massive AI-linked bonuses and helped avert a…

Samsung's largest union ratified a $26.6B compensation deal averaging $340K per worker, averting an 18-day chip plant strike amid fierce AI memory competition.

Don't take a big sip of coffee before you read their new average bonus amount.

The Korean giant is set to become one of the world’s most profitable firms. Its semiconductor arm posted a 48-fold jump in profit for the March quarter.

Amid booming demand for AI chips, the government-backed deal will make more than 60% of the South Korean tech giant's workforce eligible for bonuses of about $370,000 this year.

Samsung Electronics union members on Wednesday approved a deal with management securing massive annual bonuses

Samsung Electronics unionized workers have approved a bonus pay agreement, averting a strike

Samsung Electronics will share 12% of semiconductor profits with 78,000 workers under a 10-year deal, with bonuses averaging $340,000 and reaching up to 600 million won.

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…

The deal will pay some workers in Samsung’s highly profitable memory chip unit around $416,000 this year, while employees in other chip units will receive less, and those in its…

Special payments unlikely to spread beyond South Korea's AI boom-fed chip sector

Amid strong AI chip demand, more than 60% of the South Korean tech giant's workforce will be eligible for bonuses of about $370,000 this year.

But a pay gap between divisions has already disrupted chip packaging.

73.7% of balloting union members backed the agreement, which sets aside 10.5% of chip division operating profit for special bonuses

Agreement shows the latest impact of AI boom as two more chipmakers join $1tn club