The Guardian Australia ·general ·1 hour ago

Samsung awards workers £310,000 bonuses from AI-driven chip profits

Samsung Electronics' memory chip workers will receive bonuses averaging £310,000 each after unions backed a profit-sharing deal Wednesday, averting a strike. The agreement sets aside 10.5% of semiconductor division operating profits for special bonuses to 62,616 workers. AI-driven demand for memory chips has boosted chipmaker profits, pushing SK Hynix and Micron past the $1 trillion valuation.

Summary by Glance · The Guardian Australia

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