Samsung Electronics has become the largest shareholder in Rainbow Robotics, a South Korean robotics company. Samsung bought a 35% stake for KRW 267 billion (approximately $181 million). This will help Samsung develop humanoid robots faster.
Why Samsung Bought Rainbow Robotics
1. Strengthening Samsung’s Robotics Division
- Samsung raised its stake in Rainbow Robotics from 14.7% to 35%.
- The goal: Advance humanoid robot development.
- Samsung plans to set up a Future Robotics Office.
2. Expanding to Global Markets
- Rainbow Robotics is known for its dual-arm mobile manipulators and autonomous robots.
- With Samsung’s backing, Rainbow will expand internationally.
- The deal will be finalized by February 2025.
3. Leadership and Future Plans
- Dr. Jun-ho Oh, Rainbow’s founder, will lead Samsung’s new Future Robotics Office.
- He will also act as an advisor to Samsung.
Humanoid Robots: A Growing Market
1. Samsung Joins the Humanoid Robot Race
- Microsoft, Tesla, and Nvidia are also developing humanoid robots.
- Tesla introduced the Optimus robot.
- Nvidia is working on Jetson Thor, a new line of computers for robots, coming in 2025. Learn more about it here.
2. Samsung’s Focus on AI and Robotics
- Samsung has said robotics, AI, 5G, and automotive electronics will drive its future growth.
Conclusion: What This Means for the Future of Robotics
- Samsung’s $181 million acquisition of Rainbow Robotics shows its commitment to robotics and AI.
- By increasing its stake, Samsung plans to lead in humanoid robot development.
- This partnership will help Samsung stay ahead in the growing AI-driven technology industry.
Learn more about Samsung’s future robotics investments and the funding for humanoid robots by checking out the full article here.
Image Credits: Samsung
