[Featured Stock] Samsung Electronics Becomes Largest Shareholder... Rainbow Robotics Hits Upper Limit

Rainbow Robotics is hitting the upper price limit. The news that Samsung Electronics became the largest shareholder appears to have had an impact.

As of 10:16 AM on the 2nd, Rainbow Robotics recorded 211,500 KRW, up 48,800 KRW (29.99%) compared to the previous trading day.

Samsung Electronics announced that on December 31 last year, it exercised a call option it held on Rainbow Robotics, in which it had a 14.7% stake after investing 86.8 billion KRW. Samsung Electronics’ stake in Rainbow Robotics increased to 35.0%, making it the largest shareholder from the previous second-largest shareholder. Rainbow Robotics is expected to be consolidated as a subsidiary in Samsung Electronics’ consolidated financial statements.

Lee Ji-ho, a researcher at Meritz Securities, said, "Samsung Electronics has expanded its stake in Rainbow Robotics and simultaneously established the Future Robot Promotion Team directly under President Han Jong-hee," adding, "By combining Samsung Electronics’ artificial intelligence (AI) and software technology with Rainbow Robotics’ robot hardware technology, humanoid development will accelerate."

He analyzed, "With the launch of the synergy council, Rainbow Robotics’ possibility of generating captive sales to affiliates has increased," and "We expect exports to be realized within the year by utilizing the global sales infrastructure."