Samsung pays $181M to become largest shareholder of Rainbow Robotics | TechCrunch
Briefly

Samsung Electronics announced that it has increased its stake in Rainbow Robotics to 35%, becoming the largest shareholder, with plans to enhance its robotics division.
The deal, expected to be completed in February 2025, will allow Rainbow Robotics to leverage Samsung's resources for expansion into international markets.
Dr. Jun-ho Oh will lead the newly established Future Robotics Office, signaling Samsung's commitment to developing humanoid robots and integrated robotics solutions.
This acquisition aligns with Samsung's strategic focus on robotics, AI, and automotive electronics, highlighting its intention to remain competitive in advanced technology sectors.
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