He will provide expertise in robotics technology and business for Samsung's future robot development. "Samsung Electronics to increase stake in Rainbow Robotics to 35% " was origi

Rainbow Robotics was founded in 2011 by a team from South Korea’s KAIST. The team developed the country’s first two-legged walking robot in 2005.

Samsung Electronics has announced that it will become the largest shareholder in Rainbow Robotics to accelerate future robot development such as humanoid robots. Samsung first acquired a 14.7% stake in the Korean firm in 2023 with an investment of KRW 86.

Samsung Electronics Co. Ltd. announced today that it will become the largest shareholder in Rainbow Robotics Inc., a South Korean robot maker, by increasing its stake in the company to 35% by spending more than 267 billion won, or about $181 billion.

Samsung Electronics became the largest shareholder of South Korea's Rainbow Robotics, the robotics company said in a regulatory filing on Tuesday. Samsung, which had previously invested in the robotics company,

Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake