Future robot development will be accelerated if Samsung Electronics becomes the largest shareholder in Rainbow Robotics. Samsung intends to execute its call option to acquire a 35% ownership and establish the company as a subsidiary.
In an effort to build humanoid robots and other future robots more quickly, Samsung Electronics today announced that it will acquire the majority stake in Rainbow Robotics. With an initial investment of KRW 86.8 billion, Samsung purchased a 14.7% share in the Korean company in 2023. It then exercised a call option to raise its ownership to 35%. Rainbow Robotics will be a subsidiary of Samsung Electronics in its consolidated financial statements.
The partnership with Rainbow Robotics will help Samsung solidify its position as a leader in the creation of cutting-edge robot technology. The first two-legged walking robot, Hubo, was created in Korea by researchers from the Humanoid Robot Research Centre at the Korea Advanced Institute of Science & Technology (KAIST), who also launched Rainbow Robotics in 2011.
With the help of Rainbow robots’ robots technology and Samsung Electronics’ AI and software, the partnership hopes to produce intelligent advanced humanoids more quickly.
Samsung and Rainbow Robotics will also establish a synergy council to enhance leadership in the advanced robot global business. The council is anticipated to act as a link to promote the expansion of both businesses by creating core business strategies and future robot technologies as well as determining and evaluating market demand. Samsung intends to use Rainbow Robotics’ collaborative robots, dual-arm mobile manipulators, and autonomous mobile robots for automation tasks related to manufacturing and logistics as part of the partnership.
By using artificial intelligence (AI) algorithms to learn and analyze situational data and environmental variables that arise in the field, these robots can significantly enhance their functionality. Rainbow Robotics is anticipated to use Samsung’s global sales infrastructure to aggressively explore foreign markets.
Creation of an Office for Future Robotics
The office will concentrate on creating future robots, such as humanoid robots, with the goal of gaining a competitive edge in emerging technologies for robotics that will revolutionise existing paradigms and turn them into important growth engines.
Investing in Rainbow Robotics by Samsung
Samsung Electronics is investing heavily in robotics. They will establish Rainbow Robotics as a subsidiary and increase their investment to 35%, making them the Korean robotics company’s leading stakeholder. Rainbow Robotics’ hardware and Samsung’s AI and software will accelerate humanoid robot development. Samsung created reporting Future Robotics Office to support this effort. The objective is to take the lead in the worldwide market for sophisticated robots.
Samsung’s Rainbow Robotics venture will transform global robotics
- The alliance will combine Rainbow Robotics‘ robotics technology with Samsung’s AI and software expertise to speed the creation of intelligent, complex humanoid robots. Therefore, more advanced and skilled robots may be available earlier than expected.
- Automation of Manufacturing and Logistics: It is planned to employ Rainbow Robotics’ autonomous mobile robots, dual-arm mobile manipulators, and collaborative robots in manufacturing and logistics. By using AI-driven learning and situational and environmental data analysis, these robots can become more productive. This shows that Samsung’s investment might effect employment and productivity by increasing automation in these industries.
- Expansion into International Markets: It is anticipated to use Samsung’s worldwide sales network to enter international markets. Rainbow Robotics’ goods may become much more accessible and widely used as a result of this.
Attention to Upcoming Robotics
- Samsung has set up a Future Robotics Office that will work on creating future robots, including humanoids. This demonstrates Samsung’s strategic dedication to securing a competitive position in the field of next-generation robotics technology.
- Synergy and Growth: To improve leadership in the global robotics industry, Samsung and Rainbow Robotics will form a synergy council. This council’s main objectives will be to evaluate market demand and design key business strategies and future technologies. Both businesses might expand as a result of this strategic alliance, which could also stimulate further robotics research.
- Proficiency in Leadership: The former professor at KAIST and a founding member of Rainbow Robotics, will serve as the Future Robotics Office head and advisor to Samsung. Samsung will greatly benefit from his experience in developing robots. Business strategy and robotics technology advancements may result from this influx of specialized expertise.
- As a result of advancements in automation, humanoid robotics, and global market reach, Samsung’s investment and partnership with Rainbow Robotics is expected to significantly impact the global robotics sector.