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Here's your afternoon, T&B Tech Minute, for Wednesday, May 27th.

I'm Julie Chang for the Wall Street Journal.

S.K. Heinex, the world's second-largest memory chipmaker, is the latest company to join the

$1 trillion club. Shares in the company have more than tripled this year amid the AI chip boom. They rallied

over 9% higher today, bringing its market capitalization above $1 trillion. Fellow memory maker

Micron hit the same milestone just hours before, and South Korean pier Samsung Electronics also

passed the mark earlier this month.

Speaking of Samsung, unionized workers there approved a bonus pay deal averting a strike.

Under the terms of the deal, reviewed by Dow Jones Newswires, the company has agreed to

allocate 10.5% of its semiconductor division's operating profit to special bonuses for employees

in that segment, contingent on hitting certain profitability benchmarks. A senior Samsung official

said that that could yield up to $430,000 per employee as early as next year. The 11th hour deal

put an end to months of labor unrest that had

raised fears of possible disruptions to the global chip supply chain. And the European Union plans to

reserve most of its mobile satellite spectrum for homegrown operators starting next year.

It's the block's latest move to curb reliance on foreign

tech companies. Wednesday's proposal would overhaul how licenses are granted for the frequency

ban that's used for satellite communications after May 27, when licenses held by U.S. companies

Biasat and ECHO Star are due to expire. Two-thirds of the sought after ban would be reserved

...