Samsung employees are set to receive a substantial bonus, with each worker expected to get around £300,000 ($400,000) due to the surge in AI technology. This bonus stems from a profit-sharing agreement that will distribute 10.5% of semiconductor operating profits among 78,000 chip workers, mainly in the form of stocks.
Following a five-month dispute, Samsung and the labor union reached a consensus on the pay deal on Wednesday. The agreement, supported by 74% of the voting workers, averted a potential 18-day strike that could have disrupted global chip supplies.
The individual bonus amount will vary based on job roles, but on average, workers are anticipated to receive approximately £250,000. Other estimates suggest the payouts could reach £300,000, nearly four times the average annual salary of a Samsung employee in 2025.
The bonus distribution excludes subcontractors and staff in the consumer electronics division responsible for Samsung’s smartphones and laptops. Samsung’s market value recently surpassed $1 trillion (£740 billion) as investors continue to show confidence in AI-related stocks.
In its latest financial report, Samsung disclosed an eightfold surge in operating profit to £28.4 billion and a record revenue of £66.5 billion. Additionally, chipmakers SK Hynix and Micron also saw their market valuations exceed $1 trillion this week.
Notable tech companies valued over $1 trillion include Nvidia, Amazon, Apple, Microsoft, Google’s Alphabet, and Meta. Recent analysis reveals that technology and AI firms can earn up to £194,000 per UK internet user over their lifetime by leveraging personal data, highlighting privacy concerns and the monetization of user information by major corporations.
