LG, one of the world’s largest electronics companies, is reported to have invested $90 million in robotics companies so far and says robotics is an important part of its strategy going forward.
According to a report on the International Business Times website, LG’s investments include a $3 million stake in Bossa Nova Robotics, which builds shelf-scanning robots for work in grocery stores.
And as quoted by IBT, a senior executive at LG said the company was investing in robotics both within its business operation as well as outside the company.
Kim Sungwook, LG Electronics vice president, global open innovation division, said: “Robotics, as a key component of our ThinQ AI strategy, is a critical future growth opportunity for LG. [Read more…] about LG invests $90 million in robotics and calls the technology a ‘key component’ of its growth strategy