Samsung Electronics shares rise as robotics move highlights push into physical AI
CEO TM Roh will oversee the division directly. Samsung rose 6.76%, while the benchmark Kospi index was up about 4%.Creation of the entity highlights a push into physical AI. Earlier this month, Roh said at a public briefing in Jinju that Samsung Electronics plans to invest around 60 trillion won ($40.7 billion) in the Yeongnam region, which includes its Gumi site.
- ▪CEO TM Roh will oversee the division directly.
- ▪Samsung rose 6.76%, while the benchmark Kospi index was up about 4%.Creation of the entity highlights a push into physical AI.
- ▪Earlier this month, Roh said at a public briefing in Jinju that Samsung Electronics plans to invest around 60 trillion won ($40.7 billion) in the Yeongnam region, which includes its Gumi site.
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Samsung Electronics shares rose after the company said Tuesday it is creating a robotics division as the South Korean tech giant seeks new sources of growth.The newly created RX, or Robotics eXperience, will consolidate Samsung's robotics capabilities and is intended to drive a mid- to long-term strategy from core tech development to commercialization, the company said in an emailed statement. CEO TM Roh will oversee the division directly. Samsung rose 6.76%, while the benchmark Kospi index was up about 4%.Creation of the entity highlights a push into physical AI. Earlier this month, Roh said at a public briefing in Jinju that Samsung Electronics plans to invest around 60 trillion won ($40.7 billion) in the Yeongnam region, which includes its Gumi site.
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