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.

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…