Zinger Key Points
- Samsung and its labor union agreed on a 5.1% wage hike, including 30 company shares and vouchers for purchasing Samsung products.
- Samsung aims to expand AI investments as OpenAI’s Sam Altman explores chip and device collaborations with Korean tech leaders.
- Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.
Samsung Electronics SSNLF and its labor union in South Korea agreed on a 5.1% wage hike. The deal includes 30 shares in the company and other perks, including vouchers to purchase company products.
The union’s 36,000 members comprise about 30% of the company’s South Korean workforce, will vote on the preliminary deal from February 28 to March 5, Reuters reports.
OpenAI chief Sam Altman visited Korea to discuss AI chip and device collaborations with Samsung and SK Hynix leaders.
Reportedly, Altman and SoftBank may seek Samsung’s investment in the $500 billion “Stargate” AI venture, expanding AI partnerships in Korea and Japan.
Samsung reported fourth-quarter revenue growth of 12% to 75.8 trillion Korean won ($52.2 billion). Due to soft market conditions, operating profit declined by 30% sequentially to 6.5 trillion Korean won.
For 2025, the company plans to enhance technological and product advantages in AI, meet future demand for high-value-added products, and drive sales growth in premium segments.
Samsung plans to enhance its technological and product advantages in AI and drive sales growth in premium segments by 2025.
Also Read:
Photo via Arcansel on Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
