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

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Optimism Releases Maintenance Update v250 for Opreth

Optimism has released Opreth version 250, a maintenance update that removes legacy commands and includes important security patches.

user avatarKofi Adjeman

Optimism Releases Maintenance Update for Rust-based Faultproof Stack

Optimism has announced a substantial maintenance release for its Rust-based faultproof stack, known as Kona host v180, which was published on October 1. This update is recommended for all chains and focuses on ensuring that two pieces of verification software derive the same answers from the same chain data.

user avatarRajesh Kumar

Polymath and CineCity Studios Launch Tokenized Film Investment Initiative

Polymath and CineCity Studios announced a collaboration to explore a tokenized film investment platform aimed at connecting independent film productions with investors through regulated digital securities.

user avatarSatoshi Nakamura

WISeKey's New Ticker WQEY Set to Begin Trading

WISeKey's ordinary shares will start trading under the new ticker WQEY on October 5, reflecting the company's new corporate structure following the merger.

user avatarJesper Sørensen

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.