Intel Acquires Ascending Technologies, Joins the Game of Drones

Move over Ambarella (NASDAQ:AMBA); here comes Intel (NASDAQ:INTC). When Intel announced that it planned to invest $60M in Chinese drone maker Yuneec in October last year, most investors only gave fleeting thought to the announcement. But now, with Intel's acquisition of German Ascending Technologies, it appears that the chip-maker is really serious about the drone business. View Amigobulls article.

Released Jan 6, 2016 • 12:00 AM EST