Intel Invests £39m In Chinese Drone Maker Yuneec

Intel has invested $60m (£38.74m) in leading Chinese drone manufacturer Yuneec as the chip giant looks to push forward the deployment of such aircraft in a range of everyday uses.

Shangahi-based Yuneec, which was formed in 1999 in Hong Kong, currently makes drones for consumers and industrial users, as well as manned electric aircraft, including the top of the line Tornado H920 drone (pictured below).

Connected

Going forward, Intel and Yuneec will work together to develop future products, although no specific industrie or areas of interest were mentioned.

“At Intel we believe in a smart and connected world. And one of the best ways to bring that smart and connected world to everyone and everywhere has been drones,” said Intel CEO Brian Krzanich.

“We’ve got drones on our road map that are going to truly change the world and revolutionize the drone industry.”

Intel is the latest big technology firms to invest in drones.

Facebook recently revealed its Aquila drone project, which will see unmanned aircraft the size of a commercial airliner beaming the Internet to unconnected parts of the world from 90,000ft in the sky.

The most notable proponent of the technology so far has been Amazon, which is also set to launch its Prime Air drone delivery scheme within the next few years.

What do you know about transport technology? Try our quiz!

Mike Moore

Michael Moore joined TechWeek Europe in January 2014 as a trainee before graduating to Reporter later that year. He covers a wide range of topics, including but not limited to mobile devices, wearable tech, the Internet of Things, and financial technology.

Recent Posts

Craig Wright Sentenced For Contempt Of Court

Suspended prison sentence for Craig Wright for “flagrant breach” of court order, after his false…

2 days ago

El Salvador To Sell Or Discontinue Bitcoin Wallet, After IMF Deal

Cash-strapped south American country agrees to sell or discontinue its national Bitcoin wallet after signing…

2 days ago

UK’s ICO Labels Google ‘Irresponsible’ For Tracking Change

Google's change will allow advertisers to track customers' digital “fingerprints”, but UK data protection watchdog…

2 days ago

EU Publishes iOS Interoperability Plans

European Commission publishes preliminary instructions to Apple on how to open up iOS to rivals,…

3 days ago

Momeni Convicted In Bob Lee Murder

San Francisco jury finds Nima Momeni guilty of second-degree murder of Cash App founder Bob…

3 days ago