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Samsung Electronics to increase stake in Rainbow Robotics to 35%

Samsung Electronics has announced plans to increase its stake in Rainbow Robotics, a South Korean robotics company, from 15% to 35%. This move is part of Samsung's strategy to bolster its presence in the robotics industry, particularly in industrial automation. Rainbow Robotics specializes in developing and manufacturing industrial robots, which are increasingly in demand as industries seek automation solutions to enhance productivity and efficiency. The investment will not only provide Samsung with greater influence over Rainbow Robotics' strategic direction but also aims to foster innovation in robotics technology, potentially integrating these advancements into Samsung's broader product ecosystem.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/hardware-and-devices/samsung-electronics-to-increase-stake-in-rainbow-robotics-to-35/ar-AA1wRGJb ]