Deals
Intel Buys Ascending Technologies in Further Drone Push
- Purchase follows investments in three drone companies
- Companies will work on new sensing capabilities for devices
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Intel Corp. has signed a definitive agreement to acquire Krailling, Germany-based drone company Ascending Technologies GmbH, as the semiconductor manufacturer tries to spur the development of new products that use its chips.
Ascending Technologies makes drones and drone technologies to be used by researchers and in commercial endeavors. The purchase follows Intel’s investment of $60 million last August into Shanghai-based drone and aerospace company Yuneec International Co. The Santa Clara, California-based chip company and rival Qualcomm Inc. are investing in drone companies as the success of their products could expand the market for semiconductors. Intel has also made investments in drone companies Airware and PrecisionHawk.