Samsung shares rise after company creates robotics division RX

According to CNBC, Samsung Electronics shares rose 6.76% after the company said Tuesday it is creating a robotics division called RX, or Robotics eXperience, to consolidate its robotics capabilities and support a mid- to long-term strategy from core technology development to commercialization. CEO TM Roh will oversee the division directly, and the company said the new unit will seek to establish research bases in the U.S., China and Japan. Samsung said earlier this month that it plans to invest around 60 trillion won ($40.7 billion) in South Korea's Yeongnam region, including its Gumi site, and that 19 trillion won will be allocated to Gumi in partnership with Samsung SDS to develop physical AI infrastructure and humanoid robot manufacturing facilities. Samsung in late 2024 raised its stake in Rainbow Robotics to become the largest shareholder.