Samsung strike suspended after tentative pay deal reached.

Samsung strike suspended after tentative pay deal reached. The world's largest memory chipmaker and its largest union representing nearly 48,000 workers have paused industrial action scheduled for Thursday. The dispute centered on profit distribution from booming AI chip demand, with memory chip workers set to receive significantly higher bonuses than colleagues in other divisions. Samsung's operating profit surged 750% in the first quarter, driven by soaring demand for AI data centre chips. The company had proposed 607% annual salary bonuses for memory chip workers versus 50-100% for others, prompting union demands for fairer distribution. Worker votes on the tentative agreement begin May 22. The stakes are substantial given Samsung's dominance in global chip supply and its outsized importance to South Korea's economy.