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.

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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