JUST IN: 89,000 unionized Samsung workers are set to vote on a pay deal after an 11th-hour agreement averted a threatened 18-day strike.

🇰🇷 The Samsung strike is off for now. Hours before 48,000 workers were set to walk out, South Korea's labor minister stepped in personally. A tentative deal was reached at midnight. What workers get: • 6.2% average wage increase • 50% of annual salary as a cash bonus immediately • 10.5% of the chip division's operating profit as stock bonuses • Some memory chip workers will receive total bonuses of approximately $416,000 this year Samsung's chip division aims to achieve $200 billion in profit by 2026, nearly double its target. Workers at the company, with the company crossing the $1 trillion market value, sought rewards. After government mediation, the answer is quite a lot. 89,000 workers vote on the deal from now to May 28. The 18-day strike disrupting AI chip supply is suspended, not canceled.