About 74% of union members voted in favor of the deal.

Samsung Electronics Co.’s largest union voted in favor of a compensation deal that will hand chip workers an average bonus of about $340,000, staving off a strike that threatened to disrupt global chip supply. About 74% of union members voted in favor of the deal the organization struck with the world’s largest memory chipmaker after tumultuous negotiations in past weeks. The truce averts what could have been a damaging strike for Samsung and the tech industry. The Korean giant is the world’s biggest supplier of the memory chips that go into everything from smartphones and electric vehicles to AI data center servers that power services like ChatGPT and Claude. Shortages in the memory chip sector have already driven prices sharply higher in recent months, and disruptions at Samsung could have exacerbated the squeeze. The strains between management and labor showcased simmering tensions across the country as workers push for a greater share of the profits that companies like Samsung and SK Hynix Inc. are deriving from a global AI infrastructure boom. Samsung is on track to become one of the world’s most profitable firms this year, with its semiconductor arm posting a 48-fold jump in profit for the March quarter. Samsung employs 78,000 people in its semiconductors division. While bonus levels will vary, workers stood to get 513 million won on average, equivalent to $340,000, according to Bloomberg calculations based on proposed terms and estimates for 2026 operating profit. Samsung employees earned 158 million won on average in 2025, according to a company filing in March. Other estimates, including by Yonhap News, calculated that employees in the booming memory division were in line for individual payouts of around 600 million won. Samsung doesn’t disclose the exact number of employees in different semiconductor divisions. The move followed rival SK Hynix, which last year also agreed to a bonus payout. The actual bonus at Samsung will depend heavily on the company’s earnings and chip demand.

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