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Intel-Funded Drone Firm Getting Ready To Take Off

Intel Corporation (NASDAQ:INTC)-funded drone manufacturing firm Yuneec has emerged as a tough competitor for Chinese drone manufacturer DJI, which is king in the consumer drone industry. Just a few weeks ago, Intel announced $60 million in funding for Yuneec, which now is releasing its first professional-quality drone aimed at aerial photographers, says a report from MarketWatch.

Drones CES Intel

Yuneec announces a new product

Yuneec’s Tornado H920 is priced at $4,999 and allows a flight time of 42 minutes, which is unheard of in the drone industry. Yuneec made its first foray into drones with the Typhoon, which was aimed at hobbyists and priced low. Yuneec has taken help from Panasonic Corporation (ADR) (OTCMKTS:PCRFY) (TYO:6752) to...