Samsung workers are set to receive substantial bonuses averaging £250,000 as a result of the AI industry’s success. Following a profit-sharing agreement, 78,000 chip workers will benefit from a bonus equivalent to 10.5% of semiconductor operating profits, primarily in the form of stocks.
The agreement was reached after a five-month dispute between Samsung and the labor union, with the majority of workers voting in favor of the deal. The possibility of an 18-day strike was looming if an agreement was not reached, risking disruptions in global chip supplies.
Estimates suggest that individual bonuses could reach £300,000, a significant increase compared to the average Samsung employee’s earnings. The bonuses will be distributed among unionized technical staff, excluding subcontractors but including workers from the consumer electronics division.
Samsung’s market value recently exceeded $1 trillion, reflecting investor confidence in AI-related stocks. The company’s latest financial report showed a remarkable surge in operating profit to £28.4 billion, with record revenue of £66.5 billion.
Other major tech firms valued at over $1 trillion include Nvidia, Amazon, Apple, Microsoft, Alphabet, and Meta. A recent analysis highlighted that technology and AI companies earn substantial sums from utilizing the data of UK internet users over their lifetimes, underscoring the value of personal data in the digital age.
