Samsung Electronics will become the largest shareholder in Rainbow Robotics to accelerate future robot development including humanoid robots.
Having subsequently taken call to increase its stake from 14.7% in the Korean firm in 2023 with an investment of KRW 86.8 billion to 35%, Samsung will soon incorporate Rainbow Robotics as its subsidiary under its financial statements.
This collaboration will help Samsung strengthen its foundation in the development of advanced robot technology and intelligent advanced humanoids.
Samsung will also form a synergy council with Rainbow Robotics to strengthen leadership in the advanced robot global business. The council is expected to serve as a bridge to foster the growth of both companies by developing future robot technologies and core business strategies and identifying and assessing market demand.
With the collaboration, Samsung plans to utilize Rainbow Robotics’ collaborative robots, dual-arm mobile manipulator and autonomous mobile robots for manufacturing and logistics automation tasks. These robots can greatly improve their work capabilities by learning and analyzing situational data and environmental variables that occur in the field through AI algorithms. Rainbow Robotics is expected to actively enter overseas markets by utilizing Samsung’s global sales infrastructure.
Samsung also established a Future Robotics Office reporting directly to the CEO. The office will focus on developing future robots including humanoid robots, aiming to secure competitiveness in new technologies for future robots that will advance current paradigms and transform them into a key growth engine.
Dr. Jun-Ho Oh, a founding member of Rainbow Robotics and honorary professor at KAIST, will serve as an advisor to Samsung and head of the Future Robotics Office after retiring from Rainbow Robotics. Dr. Oh will provide robotics technology and business expertise to Samsung’s future robot development from his deep experience in industry-academia collaboration.
