Social RoboticsSamsung becomes largest shareholder in Rainbow Robotics
Samsung raised its stake in the Korean humanoid maker to 35% and set up a Future Robotics Office.
Samsung Electronics agreed to pay about $181 million to lift its holding in Rainbow Robotics from 14.7% to 35%, making it the largest shareholder. Rainbow Robotics, a Korean robotics company, will be consolidated as a Samsung subsidiary. Samsung also created a Future Robotics Office reporting to its chief executive, with Rainbow founding member Jun-Ho Oh leading it and serving as an adviser. The move signalled that Samsung intends to compete in humanoid and home robots, not just consumer gadgets like Ballie.
Source: TechCrunch
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