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Samsung Chip Workers To Get $340,000 Average Bonus In AI Boom

Samsung is reportedly set to pay chip-division workers an average bonus of about $340,000 after reaching a tentative deal with its union, according to Bloomberg (paywalled). The deal ended a standoff that "could have cost the economy as much as 1 trillion won ($658 million) daily, with losses potentially multiplying to 100 trillion won ($68 billion) if in-progress semiconductor wafers were rendered unusable," reports Quartz. From the report: The agreement, subject to a union ratification vote running May 22 through May 27, calls for Samsung to direct 10.5% of operating profit into stock bonuses along with a separate 1.5% cash component, according to Bloomberg. The program runs for 10 years, contingent on the company meeting profit thresholds. One-third of the stock award can be liquidated right away, with the rest parceled out in installments across the next two years, Bloomberg reported. The first payout is expected in early 2027.

Not all workers will fare equally. As an illustration, Reuters cited a union source estimating that someone in the memory chip unit earning an 80-million-won base salary could take home roughly 626 million won in total bonuses this year. By comparison, workers at SK Hynix stand to collect upward of 700 million won should their employer post annual profit of 250 trillion won, Reuters calculated. Unlike at Samsung, SK Hynix employees are not limited to stock payouts and may instead opt for cash, Reuters reported.

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A Bipartisan Amendment Would End Police License Plate Tracking Nationwide

An anonymous reader quotes a report from Wired: US lawmakers plan to introduce an amendment Thursday at a House committee markup hearing that would prohibit any recipient of federal highway funding from using automated license plate readers for any purpose other than tolling -- a sweeping restriction that, if adopted, would bring an immediate end to state and local ALPR programs across the United States. The amendment, obtained first by WIRED, is sponsored by Representative Scott Perry, a Pennsylvania Republican and Freedom Caucus member, and Representative Jesus "Chuy" Garcia, an Illinois progressive whose state has become a flash point in the national fight over ALPR misuse.

The House Transportation and Infrastructure Committee will mark up the underlying bill -- a $580 billion, five-year reauthorization of federal surface transportation programs -- at 10 am ET on Thursday. The amendment runs a single sentence: "A recipient of assistance under Title 23, United States Code, may not use automated license plate readers for any purpose other than tolling." The amendment is brief, but its reach would be vast. Title 23 funds roughly a quarter of all public road mileage in the US, including most state and county arteries and many city streets where ALPR cameras are becoming ubiquitous. Conditioning that funding on a ban of the technology would, in practical effect, force any state, county, or municipality that takes federal highway money (essentially all of them) to either remove the cameras or restructure their use around tolling alone.

The amendment's cosponsors, Perry and Garcia, represent opposite ends of the House's ideological spectrum but converge on a surveillance concern that has gathered momentum in legislatures and city halls across the US as ALPR networks have quietly become a pervasive layer of American road infrastructure. ALPR cameras -- mounted on poles, overpasses, traffic signals, and police cruisers -- photograph every passing license plate, log times and locations, and feed data into searchable databases shared across agencies and jurisdictions. [...] Privacy advocates have long warned that the aggregation of license plate data amounts to a de facto warrantless tracking system. New York University School of Law's Brennan Center for Justice has documented the integration of ALPR feeds into police data-fusion systems that combine plate data with surveillance and social media monitoring. And the Electronic Frontier Foundation, a digital rights nonprofit, has documented a range of police misuse, including the past targeting of mosques and the disproportionate deployment of the technology in low-income neighborhoods. Earlier this week, 404 Media reviewed FBI procurement records that reveal the agency is seeking up to $36 million for nationwide access to ALPR data, which could let it query vehicle movements across the U.S. and its territories through a commercial database.

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Formula 1 News

Formula 1® - The Official F1® Website

Our guide to in-race betting opportunities in Canada

When the lights go out in Montreal, bettors will be watching closely to make accurate predictions in real-time.

LIVE COVERAGE: All the action from FP1 in Canada

Live coverage of Friday's first practice session for the 2026 Canadian Grand Prix.

The Guardian

Latest news, sport, business, comment, analysis and reviews from the Guardian, the world's leading liberal voice

Pep Guardiola became the undisputed champion of dugout style

Manchester City’s coach went from dressing like an overgrown school boy to relaxing the unwritten manager dress code

In 2016, when Pep Guardiola took his place in the dugout for his first game in charge of Manchester City, the fashion plates in the Premier League included José Mourinho, in a quarter zip and mac at Manchester United and Arsène Wenger, dapper in his suit and unzippable puffer jacket at Arsenal.

Guardiola, dressed like an overgrown school boy in v-neck, shirt, tie and blazer, didn’t seem as if he was going to be that much of a sartorial threat. But 10 years down the line he is the undisputed champion of dugout style.

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Trump claims Federal Reserve had become ‘distracted’ as he swears in new chair Kevin Warsh – US politics live

President makes veiled criticism of outgoing chief Jerome Powell, whom he attacked frequently, at White House ceremony

“There’s broad recognition there are going to be eventually less US troops in Europe than historically,” Rubio says

Rubio said he didn’t set the timeline for reducing the number of US troops in Europe, but “it has been an ongoing process that started from the first day of this administration.”

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Canadian prime minister says Alberta ‘essential’ to country as separatists push for independence

Judge rules initiative to force binding vote on secession invalid as Alberta premier calls for referendum on matter

The Canadian prime minister, Mark Carney, has said that Alberta is “essential” to the country’s future, hours after the province’s leader moved the oil-rich region closer toward a referendum on independence.

Separatists in the western province spent months collecting signatures seeking to trigger a binding October vote on seceding from the nation.

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Marco Rubio: Trump ‘disappointment’ with Nato will be discussed at summit

Secretary of state suggests July meeting of alliance will be fraught as US demands help in strait of Hormuz

Donald Trump is disappointed that Nato allies refused to become more actively involved in attacking Iran, the US secretary of state has said, setting up what could become a fraught summit of the alliance in July.

Marco Rubio, meeting with foreign ministers of the military alliance, emphasised that he expected the rift would be discussed at the July meeting in Ankara, making the summit “one of the more important” in Nato’s 77-year history.

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Soft power sell-off: anger as British Council announces sale of historic Madrid building

Backlash grows among European staff against radical cuts to pay off Covid-era debt, with some accusing council of ‘colonial attitude’

The historic Palacete building at 31 Paseo del General Martínez Campos in Madrid’s upmarket Chamberí district has been home to the British Council in Spain for about 70 years.

About 5,000 students each year pass through its 35 classrooms, learning English, attending exams, and forging cultural ties with the UK. Over the years that is hundreds of thousands of Madrileños (people from Madrid), while it also serves as a centre for the expat community.

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Giro d’Italia: family affair inspires Alberto Bettiol to solo triumph in Verbania

  • Home rider drops Leknessund before surging to win

  • Bettiol: ‘I knew every single corner in the last 50km’

The Italian cyclist Alberto Bettiol attacked at the top of the final climb to ride solo to victory on stage 13 of the Giro d’Italia in Verbania on Friday, five years after his last stage win.

Bettiol, who also soloed to win a stage in 2021, caught Andreas Leknessund as they reached the Ungiasca summit and left the Norwegian in his wake before powering away on the descent. The Italian took a quick glance over his shoulder before raising his arms long before the line in celebration, and his girlfriend, Lisa Finetti, was there to hug him after the finish.

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What does sex mean to you? I’m a sex educator – here’s why I don’t define it at all

There is no universal definition of sex – and questioning what ‘counts’ can open the door to more fulfilling intimacy

I’m a sex educator. At the beginning of each of my classes, I ask a seemingly simple question: “What is sex?”

Some people might think it’s my job to answer that question. I do give accurate and inclusive information about sexual health, relationships and identity. But I don’t tell you what to do with that information or what value to assign that information.

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Pentagon releases second batch of UFO videos and first-hand testimony

Videos in this batch show unidentified aerial phenomena but offer few clues to existence of alien life

The Pentagon on Friday released a second tranche of videos and documents of unidentified aerial phenomena (UAP) – or UFOs – answering few questions about the existence of alien life but fueling what has quickly become a ratings winner for the White House.

The first reveal earlier this month of 162 files of previously secret or rarely seen accounts of UAP sightings received more than a billion hits on the government website set up to house them, according to a press release from the war department, the Trump administration’s preferred term for the Department of Defense.

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kottke.org

Jason Kottke's weblog, home of fine hypertext products

Art But Make It Sports is now available in book form....

Art But Make It Sports is now available in book form. “Epic moments in modern sports are masterfully paired with their fine art doppelgangers…”

VK: Voorpagina

Volkskrant.nl biedt het laatste nieuws, opinie en achtergronden

Amerikaanse wapenleveranties aan Taiwan tijdelijk gestopt ‘vanwege oorlog Iran’

Een Navo-missie in de Straat van Hormuz? Het lijkt niet langer taboe, al zijn er nog veel bedenkingen

Rijnmond - Nieuws

Het laatste nieuws van vandaag over Rotterdam, Feyenoord, het verkeer en het weer in de regio Rijnmond

Dit ziekenhuis werd 'Temptation IJsselland', seks na aprés-ski en twee assistentes bezwangerd

Seksueel grensoverschrijdend gedrag lijkt jaren 'normaal' in het IJsselland Ziekenhuis in Capelle aan den IJssel. Het zorgt voor een slechte en onveilige werksfeer op de afdeling interne geneeskunde. In 2019 barst de bom. De leidinggevende van de afdeling, een 63-jarige oncoloog, wordt ontslagen en is jaren later nog altijd niet tot een financiële regeling gekomen.

Wel.nl

Minder lezen, Meer weten.

AEX scherpt slotrecord aan door hoop op einde oorlog

AMSTERDAM (ANP) - De Amsterdamse AEX-index is vrijdag opnieuw hoger gesloten. Daarmee werd het slotrecord van een dag eerder weer aangescherpt. Volgens analisten stemde hoop op het einde van de Iran-oorlog beleggers positief. Net als eerder deze week waren de chipbedrijven de grote winnaars.

De AEX won 1 procent en eindigde op 1045,05 punten. ASML en ASMI hoorden bij de grootste stijgers, met plussen tot bijna 5 procent. Branchegenoot Besi sloot daarnaast dik 1 procent hoger.

De Pakistaanse topmilitair en onderhandelaar in de gesprekken tussen de Verenigde Staten en Iran, Asim Munir, is onderweg naar Iran. Nieuwssite Al Arabiya meldde dat een conceptvoorstel voor een volledig bestand en vrije doorgang van de Straat van Hormuz snel kan volgen. Voorlopig blijft de Straat van Hormuz evenwel nog steeds geblokkeerd. De olieprijzen lieten een kleine toename zien.


Cubanen demonstreren in Havana tegen aanklacht VS tegen Castro

HAVANA (ANP/RTR) - Duizenden mensen hebben zich bij de Amerikaanse ambassade in de Cubaanse hoofdstad Havana verzameld om te protesteren tegen de aanklachten tegen de voormalige president Raúl Castro. Volgens de VS was Castro betrokken bij het neerhalen van twee civiele vliegtuigjes dertig jaar geleden. Daarbij vielen vier doden.

De Cubanen zwaaiden met vlaggen en scandeerden onder meer 'Viva Raúl' en 'Patria o Muerte' (vaderland of dood). De Cubaanse president Miguel Díaz-Canel woonde de bijeenkomst bij, net als verschillende familieleden van Castro. De 94-jarige voormalige president was zelf niet aanwezig.

De Cubaanse regering zei eerder dat de aanklacht tegen Castro gebaseerd is op valse beschuldigingen die bedoeld zijn als excuus voor een invasie van het eiland.


Gezocht. Mensen met geld die iets over geld willen leren van Ryan Babel

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Vaak kukelen goede voetballers na hun profcarrière in een zwart gat en worden dan matige trainers of analisten, maar Ryan Babel was geen goede voetballer dus die is wat anders gaan doen. Ryan Babel leerde zichzelf in het tweede van Ajax ooit in korte tijd het heupschot van een Argentijnse teamgenoot aan, en bleek vervolgens helemaal niet meer normaal te kunnen schieten, laat staan op doel. Daarvan is hem in ieder geval bijgebleven dat je verschrikkelijk snel dingen kunt leren, en dus gaat hij het onderwijs de online fintech advies-wereld in. Ryan Babel heeft namelijk een godsvermogen verdient verdiend met voetballen, hoewel hij zelden drie keer op rij een goede wedstrijd speelde en op kritieke momenten altijd door het ijs zakte. Van zo iemand financieel advies aannemen is toch een beetje als versiertips krijgen van iemand die zijn of haar bakkes volledig heeft laten verbouwen, maar goed. Ryan Babel is hier om de mensen te leren dat geld verdienen eigenlijk best makkelijk is (kuch), maar geld behouden juist moeilijk, om nog maar te zwijgen over vermogen opbouwen. Zijn advies: investeer in Dubai. Nou, dankjewel Ryan, gaan we meteen doen.


Het echte doel van de dopingspelen is om superhumans te creëren

Zondag vinden aan de Las Vegas Strip de eerste Enhanced Games plaats. Sporters mogen er doping gebruiken in hun jacht op een wereldrecord. Het is de bedenkers van het evenement intussen om meer te doen: zij zijn op zoek naar het eeuwige leven – en naar omzet op de fitnessmarkt.