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Samsung pays $181M to become largest shareholder of Rainbow Robotics
Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake
The deal also enables Rainbow Robotics to expand to overseas markets by leveraging Samsung’s reach. In 2022, Samsung said that robotics, along with AI, 5G, and automotive electronics, would be a key part of its future initiatives, suggesting that potential acquisitions in these fields may be on the horizon. Kate Park is a reporter at TechCrunch, with a focus on technology, startups and venture capital in Asia.
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