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Capgemini IT: GROWTH ACCELERATOR

IT trends spotted and checked by experts

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Keywords : 

cutting edge,

 

Intel

Drones

china


Intel targets drone developments with $60m investment


27 Aug, 2015 11:47 am

Intel is reportedly keen to position itself at the forefront of developments that are set to see drones become an increasingly important consumer tech category.

To that end the computer chip-making giant has invested $60 million in the Shanghai-based drone and aerospace company Yuneec International.


The investment is being made via Intel's venture capital arm, which has already invested sizable sums into the drone makers Airware and PrecisionHawk.


Plans are now in place to see Intel and Yuneec work together to develop drone technologies with the ultimate aim being to create products with broad consumer appeal.


Brian Krzanich, Intel's chief executive said in a video interview that Intel and Yuneec have "drones on our road map that are going to truly change the world and revolutionise the drone industry".


The companies have a way to go before they can match the efforts of DJI, the Chinese drone maker which currently accounts for around 70 per cent of the world's consumer drone market, according to Frost & Sullivan.



Keywords : 

cutting edge,

 

Intel

Drones

china

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