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

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. Furthe …

Read the full story at The Verge.