News Summary

Samsung Electronics has acquired a 35% stake in South Korean robotics company Rainbow Robotics for $181 million, making it the largest shareholder. This move aims to bolster Samsung’s robotics department and accelerate humanoid robot development. Rainbow Robotics, founded in 2011 by researchers at KAIST, specializes in dual-arm mobile manipulators and autonomous mobile robots. The acquisition will see Rainbow Robotics integrated as a Samsung subsidiary, with plans to expand to overseas markets leveraging Samsung’s global reach. Dr. Jun-ho Oh, a founding member of Rainbow and former largest shareholder, will lead Samsung’s newly established Future Robotics Office and serve as an advisor. This acquisition is part of Samsung’s broader strategy to focus on robotics, AI, 5G, and automotive electronics.