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

Agreement averts strike and shows latest impact of AI boom as two more chipmakers join $1tn club

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Employees at Samsung Electronics’s 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 that 74% of the 62,616 workers who cast their votes had backed the deal.