Samsung Electronics has increased its investment in South Korea’s Rainbow Robotics, making it the largest shareholder in the robotics firm. According to a regulatory filing on Tuesday, Samsung has acquired a 267 billion won ($181 million) stake in Rainbow Robotics. Prior to this, Samsung was the second-largest shareholder with a 14.71% stake, or about 2.85 million shares. The largest shareholder at the time was the company’s founder, Oh Jun-ho, and related entities.
As part of this acquisition, Samsung is also establishing a new Future Robotics Office that will report directly to the CEO. This move reflects Samsung’s increasing commitment to the robotics industry, an area that is becoming a strategic focus for the technology giant. Samsung had previously made investments in Rainbow Robotics, but this latest development positions the company as a more dominant player in the robotics sector.
