Pacific Palisades, Calif., on Jan. 7, 2025. Fires in the Los Angeles area last year burned at least 90 square miles, killing at least 31 people and displacing more than 150,000.
Agreement averts strike and shows latest impact of AI boom as two more chipmakers join $1tn club
Employees at Samsung Electronics’ memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits.
Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said 74% of the 62,616 workers who cast their votes had backed the deal.
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