LG Electronics has taken a significant step in advancing its robotics capabilities by securing a majority stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in AI-driven autonomous service robots.
This acquisition aligns with LG’s strategy to strengthen its presence in the robotics sector, a key growth area for the company.
LG’s board of directors exercised a call option in January to acquire an additional 30 percent stake in Bear Robotics.
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