Samsung increases stake in Rainbow Robotics, establishes Future Robotics Office

The RB-Y1 dual-armed mobile manipulator was announced this year. Source: Rainbow Robotics

Samsung Electronics Co. today announced that it is increasing its stake in Rainbow Robotics to 35% to accelerate the development of robots such as humanoids. Samsung first acquired a 14.7% stake in its fellow South Korean company for KRW 86.8 billion ($59 million U.S.).

By exercising a call option to increase its stake, Samsung Electronics will be the largest shareholder in Rainbow Robotics...