Yuneec Gets $60M From Intel

Yuneec Holdings, the Chinese robotic drone maker which runs its U.S. operations out of Ontario, California, has received $60M in an investment round from Intel, Intel announced this week. Yuneec--which makes the Typhoon Q500 Quadcopter--runs is sales, marketing, and other operations in Ontario, which is in the Inland Empire just east of Los Angeles. The investment by Intel also includes an effort to use Intel's chips in future, Yuneec drones, as well as other collaborative product development.