Intel Corp invests in drone maker

Intel Corp has poured more than $60 million into Yuneec International Co, a Shanghai-based drone and aerospace company, as a broad range of technology companies investigate the possible commercial uses of unmanned aircraft.

Venture capitalists and companies are investing in drone technology on the expectation that unmanned aerial vehicles will prove beneficial for consumers and industrial customers.

Amazon.com Inc and Google Inc are developing drones to deliver products to consumers. Yuneec's Chinese rival SZ DJI Technology Co raised $75 million from Accel Partners in May.