Samsung Electronics to Pay 100% Bonuses for Semiconductors and 75% for Home Appliances and Smartphones

[Asia Economy Reporter Dongwoo Lee] Samsung Electronics has notified the payment rates for the Target Achievement Incentive (TAI, formerly PI) by business division. Despite the COVID-19 pandemic, some divisions are reported to pay up to 100% performance bonuses.

According to industry sources on the 3rd, Samsung Electronics informed employees of the payment rates for the second half Target Achievement Incentive by business division.

The Memory Semiconductor Division, Foundry Division, and System LSI Division of the Device Solutions (DS) sector are all expected to receive 100% performance bonuses.

In the IT & Mobile (IM) sector, both the Network Division and the Wireless Division, which handles smartphones, are reported to receive a 75% payment rate.

The Consumer Electronics (CE) sector also received the same 75% notification for both the Home Appliance Division and the Visual Display (VD) Division.

Samsung TAI is a performance bonus paid once each in the first and second half of the year, based on business division performance, combining evaluations of the sector and division, with a maximum payment of 100% of the monthly base salary.

Meanwhile, Samsung Electronics is scheduled to announce its preliminary Q2 results, including sales and operating profit, on the 7th.

This content was produced with the assistance of AI translation services.