Ajinextek, a specialist in IT equipment and industrial robot control, has been on the rise for two consecutive days. The news that it supplies industrial robots to Samsung Electronics is believed to be influencing its stock price. This year, the market capitalization of Rainbow Robotics, in which Samsung Electronics has invested, has quadrupled, raising expectations for Ajinextek as well.
As of 9:32 a.m. on the 9th, Ajinextek was trading at 11,790 KRW, up 760 KRW (6.89%) from the previous trading day.
After hitting the daily limit up the day before, the stock continued its upward trend. Its market capitalization has surpassed 110 billion KRW.
On the previous day, Ajinextek announced that it began initial deliveries of industrial robots to Samsung Electronics this year and that full-scale operations are expected to follow. Ajinextek is a motion control specialist company covering universal motion control chips, modules, and systems, and has expanded its business into the robot motion control field based on its core technological capabilities. Since January 2021, it has been supplying electronic control boxes composed of electronic components such as robot controllers and servo motors to Samsung Electronics, and from this year, it started delivering complete robot sets.
The robots delivered so far range from small robots for 3kg payloads to those for 20kg. The company expects this number to increase further.
An Ajinextek official said, "Initially, we supplied parts called electronic control boxes to Samsung Electronics, but starting this year, we began delivering robot sets as a whole, which is significant. Above all, this was possible because we supplied parts with advanced technology and stability and verified them over a certain period."
He added, "We have completed deliveries of industrial robots used in manufacturing processes for Samsung Electronics and its affiliates both domestically and internationally. We expect continuous orders going forward."
The official also explained, "The role of robots is increasingly expanding in all industrial fields. We have high expectations for the robot business in line with the current trends and plan to develop it as a core business."
Earlier, Samsung Electronics invested in the robot company Rainbow Robotics at the beginning of this year. Since then, Rainbow Robotics' stock price has risen about 380%, with its market capitalization exceeding 3 trillion KRW. In August, Rainbow Robotics signed an MOU with Samsung Welstory for meal service automation, marking their first collaboration. The financial investment sector expects long-term synergy effects from technological cooperation and the use of Rainbow Robotics' robots in Samsung Electronics' factory automation.
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