Samsung Electronics to increase stake in Rainbow Robotics to 35%

News Source : Verdict

News Summary

Samsung initially acquired a 14
7% stake in Rainbow Robotics in 2023 with an investment of Won86
8bn
Now, by exercising a call option, the company is increasing its stake to 35% Consequently, the robotics company will be incorporated as a subsidiary under Samsung Electronics’ consolidated financial reports
The collaboration aims to bolster Samsung’s development of advanced humanoid robot technology

Samsung Electronics is set to become the largest shareholder in Rainbow Robotics, a South Korean collaborative robot maker, by increasing its stake to 35% for Won267.46bn ($182.33m).The collaborati [+2754 chars]

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