Korean Tech Giant LG Electronics Expands Investment in Robot Business

Published by , June 4, 2018 12:10 pm

(KoreaTimes) LG Electronics has been expanding its portfolio into the robot business as the Korean tech giant acquired stakes in Robostar. LG recently announced it plans to invest $49.5 million in acquiring stakes in the robot company. With this decision, the company plans to buy a 20 percent stake in Robostar around mid-July. The stake will be about 1.95 million shares.
Robostar has been recognized for its technological capabilities and quality products in robotics. Established in 1999, its robot products such as its Cartesian Robot, SCARA Robot and Transfer Robot are used in display, semiconductor, and automobile information manufacturing.