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.

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…

Samsung Electronics' non-chip union has sought a court injunction in South Korea to halt a semiconductor division workers' vote on bonus increases, according to Newsis reports.