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…

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.

SEOUL, May 27 — Samsung Electronics’ labour union is expected to announce today whether chip workers voted to ratify a wage deal that would deliver massive AI-linked bonuses...

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 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.

Thousands of workers eligible for B12 million each from huge AI profits

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

Employees in Samsung’s memory chip division are set to receive bonuses averaging roughly £310,000, mostly in stock as chip sales soar.

It comes after the pay deal was agree on Wednesday following a five-month dispute between the Korean teach giant and labour union