Samsung will train name choice to extend stake to 35% and incorporate the agency as a subsidiary
Samsung Electronics at present introduced that it’s going to grow to be the most important shareholder in Rainbow Robotics to speed up future robotic improvement reminiscent of humanoid robots. Samsung first acquired a 14.7% stake within the Korean agency in 2023 with funding of KRW 86.eight billion, and workouts a name choice to extend its stake to 35%. Rainbow Robotics can even be integrated as a subsidiary underneath Samsung Electronics’ consolidated monetary statements.
Through collaboration with Rainbow Robotics, Samsung will additional strengthen its basis within the improvement of superior robotic know-how. Rainbow Robotics was based in 2011 by researchers from the Korea Advanced Institute of Science & Technology’s (KAIST) Humanoid Robot Research Center who developed the primary two-legged strolling robotic “Hubo” in Korea.
By combining Samsung Electronics’ AI and software program know-how with Rainbow Robotics’ robotics know-how, the collaboration plans to speed up the event of clever superior humanoids.
Samsung can even kind a synergy council with Rainbow Robotics to strengthen management within the superior robotic world enterprise, with the council anticipated to function a bridge to foster the expansion of each corporations by creating future robotic applied sciences and core enterprise methods and figuring out and assessing market demand.
With the collaboration, Samsung plans to make the most of Rainbow Robotics’ collaborative robots, dual-arm cellular manipulator and autonomous cellular robots for manufacturing and logistics automation duties. These robots can tremendously enhance their work capabilities by studying and analyzing situational knowledge and environmental variables that happen within the discipline via AI algorithms. Rainbow Robotics is predicted to actively enter abroad markets by using Samsung’s world gross sales infrastructure.
Establishment of Future Robotics Office
Samsung additionally established a Future Robotics Office reporting on to the CEO. The workplace will deal with creating future robots together with humanoid robots, aiming to safe competitiveness in new applied sciences for future robots that can advance present paradigms and remodel them right into a key development engine.
Dr. Jun-Ho Oh, a founding member of Rainbow Robotics and honorary professor at KAIST, will function an advisor to Samsung and head of the Future Robotics Office after retiring from Rainbow Robotics. Dr. Oh will present robotics know-how and enterprise experience to Samsung’s future robotic improvement from his deep expertise in industry-academia collaboration.
