[Asia Economy Reporter Minwoo Lee] Semiconductor equipment company Russel's stock price is on the rise. Expectations are growing that it will benefit as Samsung Electronics announces the full-scale launch of its robot business, while its robot-related subsidiary 'Russel Robotics' supplies robot unmanned vehicles to SK Hynix, Hyundai Motor, and others.
As of 11:08 AM on the 16th, Russel's stock price recorded 4,060 KRW, up 6.70% compared to the previous day. The news of Samsung Electronics' full-scale robot business appears to have acted as a positive factor.
According to the industry, Samsung Electronics will launch its first commercial robot in April next year and will actively promote its robot business. It is also expected to actively engage in various investments and mergers and acquisitions (M&A). Recently, Samsung Electronics upgraded its existing Robot Business Task Force (TF) to a formal Robot Business Team within a year through organizational restructuring, which is interpreted in the same context.
Amid this, the business track record of Russel's robot-related subsidiary Russel Robotics has been highlighted. Russel Robotics holds the largest domestic reference in the field of Automated Guided Vehicles (AGV), a type of unmanned robot. In October, it also secured a 10 billion KRW semiconductor process AGV supply project. It is already supplying unmanned vehicles such as AGVs and Automated Guided Forklifts to SK Hynix and Hyundai Motor.
Meanwhile, Russel Robotics is also preparing for an IPO next year. Earlier this year, it signed an underwriting contract for the initial public offering (IPO) with Korea Investment & Securities and is preparing for a KOSDAQ listing next year.
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