Rainbow Robotics‘ robots are displayed on the firm’s headquarters in Daejeon, Oct. 2, 2024. Korea Occasions photograph by Jung Da-bin
Korea’s antitrust regulator authorized Samsung Electronics’s acquisition of native robotics startup Rainbow Robotics on Wednesday as a part of its enterprise diversification technique.
The approval by the Truthful Commerce Fee (FTC) comes two months after the tech big submitted the acquisition of the startup for a overview.
The regulator stated it made the choice because it noticed little likelihood of a monopoly ensuing from the deal.
In December, Samsung Electronics stated it would turn into the most important shareholder in Rainbow Robotics as a part of its push for advancing robotics applied sciences, similar to humanoid robots.
The corporate at present owns a 35 % stake in Rainbow Robotics. It invested 86.8 billion gained (US$59 million) within the startup in 2023.
Rainbow Robotics was based in 2011 by researchers from the Korea Superior Institute of Science & Know-how, or KAIST’s Humanoid Robotic Analysis Heart, who developed the nation’s first two-legged strolling robotic, Hubo.
Samsung Electronics expects a mixture of its synthetic intelligence (AI) and software program know-how and the robotics agency’s experience will speed up the event of clever, superior humanoids. (Yonhap)
