[Featured Stock] "Samsung Electronics Rainbow's Largest Shareholder Boosts Robot Stocks"... Zeus Highlights Robot Business Development

Zeus is on the rise. It is interpreted that related robot stocks are gaining attention following the news that Samsung Electronics has become the largest shareholder of Rainbow Robotics.

As of 10:34 AM on the 2nd, Zeus was trading at 12,420 won, up 540 won (4.55%) compared to the previous trading day.

Samsung Electronics announced on December 31 last year that it had exercised the call option (stock sale request right) on its shares of Rainbow Robotics. With this call option exercise, Samsung Electronics became the largest shareholder holding 35% of Rainbow Robotics' shares. Rainbow Robotics will become a consolidated subsidiary of Samsung Electronics.

Zeus is a semiconductor and display equipment company but is expanding its business into robotics. In 2019, Zeus developed the multi-joint robot ‘ZERO’ using its own technology, beginning to make a name in the small and medium-sized industrial robot market. At the ‘2024 RoboWorld’ Machinery, Robot, and Aerospace Industry Development Merit Awards Ceremony, Zeus was recognized for its contributions to the development of the robot industry through the localization of robots and the development of new products such as multi-joint and SCARA robots, receiving the Prime Minister's Commendation.

This content was produced with the assistance of AI translation services.