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Intel Corporation Says Drones Work Better Outside the US

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Intel Corporation may consider relocating its drone R&D operations overseas, told an Intel executive to the U.S. lawmakers on Thursday. The adoption of an ‘overly prescriptive’ approach by the state to unmanned aerial systems technology has been cited as the reason that could force such a decision from Intel.

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Intel sees govt.’s approach as ‘overly prescriptive’

Intel Corporation ’s senior VP and head of new technology, Joshua Walden, submitted a written statement to a task force studying the matter. He said such a rigid approach  for “deployment of new hardware and software will deter the private sector’s ability to invent and compete in the marketplace.”

“Worse, it will drive us to relocate our business planning and R&D overseas,” where the firm is welcomed by the countries eager for investment in this new area.

The subject of drones or unmanned aircraft tech has been a matter of conflict among hobbyists, tech firm, and local and federal bodies for quite a while. On one hand, there is the exciting interest, passion and business prospects for the technology. On the other hand, there are concerns regarding safety and privacy.

Drone registrations – a hot topic

On Thursday, on Capitol Hill, there was a discussion on the same. Drone enthusiasts and advocates, law professors and industry executives were present at the hearing conducted by Representative Michael Burgess and the House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade.

Citing people familiar with the matter, including a member of the FAA task force, a report from Market Watch says that the FAA’s task force on drones could suggest mandatory registration numbers for drone owners. It be more like getting a driver license and less like registering a car. There won’t be any obligation for getting unique identification done of individual drones.

There were reports that the task force could suggest that people with drones weighing more than 250 grams i.e. about the weight of a can of soda, should get some form of state license. It is thought that the FAA task force will publish its drone guidelines on Friday.

Laws on drones have become a more and more needed in recent years. Now days, it is very easy for buy drones. They are readily available on Amazon and Apple Store. This Christmas more than 1m drones are expected to be sold.

At 9.41 am EDT, Intel Corporation shares were up 1.62% at $34.86. Year to date, the stock is down over 4% while in the last one-month, it is up almost 4%. The stock has a 52-week low of $24.87, and a 52-week high of $37.90.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

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