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Intel vows to 'revolutionise' drone industry after US$60 million gambit on Chinese start-up Yuneec

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A Yuneec Q500 Typhoon APV aerial photgraphy drone. Photo: SCMP Pictures
He Huifengin Guangdong

Intel has a road map to “revolutionise” the commercial drone industry after it became the latest multinational to take a measured gamble on a Chinese drone maker this week.

The venture capital arm of the US personal computer and chipmaker has invested US$60 million in Yuneec, which has operations in Hong Kong and Shanghai, it said. 

"We've got drones on our road map that are going to truly change the world and revolutionise the drone industry,” Intel CEO Brian Krzanich said in a video posted on Yuneec’s website.

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"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," he said.

According to media reports, this is the third drone company Intel has invested in globally after Airware and PrecisionHawk, two American manufacturers.

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WATCH: Intel and Yuneec discuss US$60 million deal and future product collaboration

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