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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

XRP Ledger Reaches 3 Billion Transactions Milestone

chest

The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

chest

A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

MoonPay Introduces PayBox: A New Era for Crypto Payments in Chatbots

chest

MoonPay has launched PayBox, a payment tool designed to let crypto transactions happen directly inside Grok AI chatbot workflows.

user avatarJesper Sørensen

Defillama Releases New Report on Industry Metrics

chest

A new report has been released by Defillama, focusing on key metrics in the industry. This report aims to provide insights into the current trends and developments.

user avatarRajesh Kumar

Farside Enforces a Rigid Editorial Policy.

chest

Farside has announced a strict editorial policy focusing on accuracy, relevance, and impartiality to enhance reporting quality and build audience trust.

user avatarLucas Weissmann

New SEC Report Published.

chest

A report has been released based on information provided by the SEC, aimed at informing the public and increasing transparency regarding its activities.

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.