Official press release or product launch announcement from Samsung Electronics

Samsung Electronics Becomes Largest Shareholder of Rainbow Robotics, Acquiring Stake for 267 Billion Won and Establishing Future Robotics Office

Dec 30, 2024, 10:57 PM

Samsung Electronics has acquired a majority stake in South Korea's Rainbow Robotics, becoming its largest shareholder. The company will purchase a stake valued at 267 billion won. This investment is aimed at accelerating the development of future robotics, including humanoid robots. In conjunction with this move, Samsung has established a new Future Robotics Office that will report directly to the CEO, signaling a strategic focus on advancing its robotics capabilities.