LG Electronics becomes largest shareholder of US robotics company, startup led by Korean engineer from Google = South Korea

LG Electronics has invested $60 million (USD, approximately 8,844,840,000 yen) in US-based startup Bear Robotics, with the aim of acquiring new shares.
signed a major contract. This is an investment to upgrade the business portfolio, not to secure short-term profits. With the stock acquisition, LG Electronics will become Bear Robotics' largest shareholder as a single shareholder.
Become the lord. Bare Robotics, founded in 2017, is an AI (artificial intelligence) autonomous driving support company led by Ha Jung Woo, former software engineer tech lead at Google.
A startup that produces service robots. Currently, the service is provided in South Korea, the United States, and Japan. LG Electronics believes that the paradigm for commercial robots is AI-based software defined radio (S).
It is expected that robots will switch to robots that apply DR). Through its long-standing robot business, the company has developed robot solutions for various facilities such as airports, hotels, and hospitals.
We have accumulated know-how. LG Future Park, located in Gumi, Gyeongsangbuk-do, is equipped with commercial robot production equipment. This includes bear robotics research.
The company hopes to add its technological capabilities in R&D infrastructure and software platforms to drive the standardization of robot platforms.