Samsung Electronics plans to accumulate a further stake in Rainbow Robotics, a number one robotics producer based mostly in Daejeon, South Korea, for over 267 billion received (roughly $180 million). This acquisition will enhance Samsung’s stake from 14.7% to 35%, making it the most important shareholder of the agency. The deal, anticipated to shut on February 17 following authorities approval, marks Samsung’s newest transfer to solidify its place within the AI-powered humanoid robotic market.
Samsung initially invested in Rainbow Robotics in January 2023, buying a ten.22% stake for about 59 billion received. At the moment, the most important shareholder of Rainbow Robotics is Oh Jun-ho, one of many firm’s co-founders, holding a 17.37% stake. Upon completion of the deal, his stake shall be lowered to 7.78%.
Different stakeholders embrace Oh’s spouse Yoon Hye-sun and their kids Oh Soo-jung and Oh Soo-hyung. “By combining Samsung Electronics’ AI and software program expertise with Rainbow Robotics’ robotics expertise, the collaboration plans to speed up the event of clever superior humanoids,” Samsung Electronics said.
Samsung’s stake enhance in robotics
These robots will improve their capabilities by studying and analyzing situational information and environmental variables via AI algorithms. Rainbow Robotics was based in 2011 by a staff from the Humanoid Robotic Analysis Heart on the Korea Superior Institute of Science and Expertise (KAIST), South Korea’s main science and expertise college. This staff developed South Korea’s first two-legged strolling robotic, known as Hubo, in 2005.
Different South Korean conglomerates are additionally increasing their robotics ventures. Hyundai Motor, as an example, bought a controlling stake in Boston Dynamics from SoftBank Group in 2009, valuing the maker of dog-like robots at round $1.1 billion. Doosan Group, South Korea’s oldest conglomerate, listed its collaborative robots unit, Doosan Robotics, final 12 months.
Doosan Robotics, the nation’s largest producer of robotic arms by gross sales, raised $312 million within the largest IPO of the 12 months in South Korea. The elevated funding from Samsung Electronics is anticipated to bolster Rainbow Robotics’ improvement and deployment of superior robotics applied sciences, aligning with Samsung’s strategic concentrate on AI and automation.
