Samsung Doubles Down on Robotics: $181 Million Investment in Rainbow Robotics
South Korean tech giant Samsung Electronics has significantly increased its stake in Rainbow Robotics, a leading robotics company, solidifying its commitment to advancing humanoid robotics. In a move that underscores its ambitions in the burgeoning robotics sector, Samsung has acquired an additional 20.3% stake in Rainbow Robotics, bringing its total ownership to 35%. This strategic investment, valued at approximately $181 million (KRW 267 billion), positions Samsung as the largest shareholder in the South Korean robotics firm. Building on a Strong Foundation This latest investment builds upon Samsung's existing relationship with Rainbow Robotics. In 2023, Samsung acquired a 14.7% stake in the company for $59 million (KRW 86.8 billion). This initial investment signaled Samsung's intent to leverage Rainbow Robotics' expertise in developing cutting-edge robotics technologies, particularly in the realm of humanoid robots. Strategic Integration and Future Growth Following the acqui…
