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Samsung Electronics Acquires Majority Stake in South Korea's Rainbow Robotics

  • tech360.tv
  • Dec 31, 2024
  • 1 min read

South Korea's Rainbow Robotics announced that Samsung Electronics has become its largest shareholder.


Credit: SAMSUNG
Credit: SAMSUNG

Samsung, having previously invested in the robotics company, has now acquired a 267 billion won (US$181 million) stake in Rainbow Robotics. This move signifies Samsung's deepening interest in the robotics sector.


As part of the acquisition, Samsung is setting up a dedicated Future Robotics Office that will report directly to the CEO.

 

  • Samsung Electronics has acquired a 267 billion won (US$181 million) stake in South Korea's Rainbow Robotics.

  • Samsung is establishing a Future Robotics Office that will report directly to the CEO.

  • This move demonstrates Samsung's commitment to advancing innovation in the robotics sector.


Source: REUTERS

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