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Samsung Electronics Secures Major Stake in South Korea's Rainbow Robotics

share-iconTuesday, December 31 comment-icon3 weeks ago 12 views
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reutersREUTERS
Samsung Electronics Secures Major Stake in South Korea's Rainbow Robotics

Credited from: REUTERS

  • Samsung Electronics has become the largest shareholder of South Korea's Rainbow Robotics, according to a regulatory filing.
  • The technology company invested 267 billion won (approximately $181 million) in the robotics firm.
  • Prior to this transaction, Samsung was the second-largest shareholder, holding a 14.71% stake.
  • The move includes the establishment of a Future Robotics Office that will report directly to the CEO.
  • Oh Jun-ho, the founder of Rainbow Robotics, was the previous largest shareholder.

For more details, visit the original article here.

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Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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