SEOUL, Jan. 1 (Korea Bizwire) — Samsung Electronics has expanded its stake in robotics company Rainbow Robotics to 35%, becoming its largest shareholder and solidifying its commitment to robotics as a key driver of future growth. The move, announced on December 31, underscores Samsung’s ambition to dominate the global robotics market while integrating advanced automation across [...]
SEOUL, Dec. 31 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will become the largest shareholder in a South Korean robotics startup, Rainbow Robotics, as part of its push for advancing robotics technologies including humanoid robots. The tech giant increased its stake in Rainbow Robotics to 35 percent by exercising a call option on [...]
SEOUL, March 21 (Korea Bizwire) — Samsung Electronics Co.’s acquisition of additional shares in robot developer Rainbow Robotics is igniting interest on whether it will resume large-scale merger and acquisition (M&A) initiatives, which have been halted for about six years. The South Korean tech giant can become the largest shareholder of Rainbow Robotics depending on [...]
SEOUL, March 16 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has acquired additional shares of Rainbow Robotics, in a move to enhance its robotics business, a sector it sees as having a huge growth potential. Samsung said in a regulatory filing that it bought 913,936 shares of the South Korean robot company for [...]