Samsung raises stake in Rainbow Robotics: Tech giant strengthens its robotics position

user avatar

by Giorgi Kostiuk

2 years ago

Samsung Electronics is making significant moves to enhance its influence in South Korea and the tech industry by becoming the largest shareholder in South Korean robotics manufacturer Rainbow Robotics.

The Deal with Rainbow Robotics

Samsung has increased its stake in Rainbow Robotics to 35% for KRW 267 billion, approximately $181 billion. Initially, the corporation acquired a 14.7% stake in 2023 for KRW 86.8 billion. The transaction is expected to be finalized in February 2025, incorporating Rainbow Robotics as a Samsung subsidiary.

Samsung's Robotics Initiative

Samsung plans to accelerate the development of humanoid robots by creating a Future Robotics Office within the company, directly accountable to the CEO. Alongside Rainbow Robotics, a synergy council will also be established to focus on the advancement of advanced robotics technologies. According to a Samsung representative, significant synergy between the companies is anticipated.

Competition and Samsung's Future

While Samsung expands its influence in robotics, other Korean corporations are also actively engaged in this field. Hyundai, for instance, acquired Boston Dynamics in 2020. Additionally, international companies like Microsoft, OpenAI, and Tesla are making strides in this direction by developing their own technologies and products.

Samsung's current initiatives demonstrate its ambition to lead in innovative technologies. The company continues to expand its global presence, focusing on robotics, AI, and IoT.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Nvidia Introduces OpenShell Reference Architecture for AI Agents

Nvidia has introduced the OpenShell Reference Architecture, a design for managing autonomous AI agents, at GTC Berlin.

user avatarNguyen Van Long

OpenAI Announces $1 Billion Commitment to Cybersecurity

OpenAI announced a $1 billion commitment to enhance cybersecurity measures through its AI program, Daybreak, aimed at providing subsidized access to advanced AI tools for defenders of critical infrastructure.

user avatarSatoshi Nakamura

Elon Musk Proposes Merger of SpaceX and Tesla

Elon Musk announced that SpaceX and Tesla have formed special committees to explore a merger that could create a corporation valued at approximately $35 trillion.

user avatarJesper Sørensen

Standard Chartered to Acquire Zodia Custody

Standard Chartered has signed definitive agreements to acquire Zodia Custody Limited, enhancing its digital asset safekeeping services.

user avatarRajesh Kumar

Critical PHP Vulnerability Leads to Global Website Shutdowns

A critical vulnerability in PHP has caused panic worldwide, leading several countries to take down government websites and urging organizations to shut down their PHP-based sites.

user avatarLucas Weissmann

Probly Showcases Innovative Prediction Market Solutions at TOKEN2049

During TOKEN2049, Probly showcased its innovative approach to prediction markets, emphasizing accessibility, broad market coverage, and onchain settlement.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.