Menu

Post image 1
Post image 2
Post image 3
Post image 4
Post image 5
Post image 6
1 / 6
0

Samsung memory chip staff in line for £310,000 bonuses after AI profit-sharing deal

Technology | The Guardian·Graeme Wearden·3 days ago
#h4LxAALe
#theguardian#samsung#memory#chip#workers#deal
Reading 0:00
15s threshold

Employees at Samsung Electronics’ memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits. Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said 74% of the 62,616 workers who cast their votes had backed the deal. The agreement, mediated by South Korea’s government, means Samsung will set aside 10.5% of operating profits at its semiconductor division to pay special bonuses to its chip workers. It should end a bitter five-month dispute. The company accounts for about a quarter of South Korea’s exports and a threatened 18-day strike would have damaged the country’s economy and disrupted global chip supplies. But the deal could create tensions within Samsung, as employees in other divisions such as its consumer electronics arm will receive much smaller bonuses.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More