Coretronic Intelligent Robotics Corp. (CIRC), a subsidiary of Taiwan's Coretronic Group, said it is ramping up drone production to meet growing government and defense demand. The company is currently fulfilling a 3,037-unit order from Taiwan's Ministry of National Defense and plans to increase production capacity fivefold by the end of 2026.
Since taking the helm of Hyundai Motor Group five years ago, Chairman Eui-sun Chung has steered the South Korean automaker to new heights, vaulting past global rivals to become the world's third-largest car manufacturer. His leadership has been defined by bold investments and aggressive market expansion. Now, as the global auto industry enters a phase of profound disruption, Chung is doubling down once again.
China has once again expanded export controls on rare earth minerals, injecting fresh uncertainty into global defense manufacturing. The move poses a direct risk to Taiwan's massive drone procurement program.