Intel invests $60 million in China drone maker Yuneec

Global SourcesUpdated on 2023/12/01

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The company is diversifying further away from PCs.

(Image source: Intel)

Intel has been in a tight spot with the decline of the global PC industry. As a result, the company has been investing internally and externally in a variety of different areas—tablets, smartphones, the IoT, and now, drones.

The company announced that it will be investing more than $60 million in Chinese drone manufacturer Yuneec. Yuneec is one of a number of Chinese drone manufacturers competing with DJI, which raised $75 million at an $8 billion valuation earlier this year.

Given the relative size of its investment, it is less of a significant investment so much as an important signal of its strategic vision. The announcement was made on YouTube and featured Intel’s CEO, not a typical move for the chip giant.

It is not the first drone investment for Intel, though it is the largest. In November 2014, the company invested US$10 million in PrecisionHawk, and an undisclosed amount in April in Airware.

See a comparison table of selected camera-equipped drone suppliers on GlobalSources.com

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Intel invests $60 million in China drone maker Yuneec

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