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Frank Wang (Wang Tao)

Frank Wang (Wang Tao)

CEO of DJI

Appears in 2 stories

Born: 1980 (age 46 years), Hangzhou, China
Net worth: 5.1 billion USD (2026)
Organization founded: DJI

Stories

U.S. blocks new foreign drone models in national security crackdown

Rule Changes

Leading company response to U.S. restrictions

For nearly a decade, Chinese drone manufacturer DJI dominated the U.S. drone market with 70 to 90 percent share, used by hobbyists, farmers, real estate agents, and 90 percent of first responders with drone programs. On December 23, 2025, the Federal Communications Commission added all foreign-made drones and critical components to its Covered List, blocking any new models from receiving the equipment authorization required for U.S. sale.

Updated May 26

DJI races to launch its most advanced drone before US market closes

New Capabilities

Leading DJI's continued innovation and legal challenge to the US ban

DJI controls roughly 77% of the American consumer drone market. On December 22, 2025, the Federal Communications Commission (FCC) blocked all new foreign-made drones from receiving the radio-frequency authorization required for legal US sale.

Updated Mar 26