Samsung’s memory chip employees negotiated $340,000 bonuses this year

2026-05-22 07:05

Tech

Members of the Samsung Electronics labour union hold signs reading "Change it to be transparent!" as they stage a mass rally demanding the removal of a cap on performance bonuses, outside the company's foundry and semiconductor factory in Pyeongtaek on April 23, 2026
48,000 Samsung workers had threatened to strike unless bonus caps were lifted. | Photo: Jung Yeon-je / AFP via Getty Images

Details have emerged about a tentative deal struck between Samsung and semiconductor employees who had threatened to strike. The deal reportedly makes some workers eligible for average annual bonuses of $340,000.

The proposed 18-day strike had hinged on Samsung's bonus cap for employees in the semiconductor division and followed a substantial rise in the possible bonuses available to employees of SK Hynix, another South Korean chipmaker enjoying a boom thanks to demand for AI components.

Under the terms of the new deal, Reuters reports that all ​chip workers will receive 50 percent of their annual salary as a regular bonus in cash. Further …

Read the full story at The Verge.

Source: https://www.theverge.com/?p=936002