2023-10-14 04:00:20

Chinese Drone Billionaire’s Dominance Threatened by US Blacklists

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Bloomberg
By Blake Schmidt

The hits keep coming for Frank Wang, the first drone billionaire.

His Shenzhen, China-based DJI, the world's largest manufacturer of consumer drones, was already under pressure after being singled out last year as a potential national security threat. Florida Governor Ron DeSantis, a potential Republican presidential candidate, escalated matters earlier this year by signing a law that excludes DJI from a list of drone makers approved for use by state agencies.

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