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# Coretronic to restructure, moves drone maker directly under new parent
- URL: https://asia-tech-news.ghost.io/coretronic-to-restructure-moves-drone-maker-directly-under-new-parent/
- Published: 2026-10-21T16:56:42.000Z
- Updated: 2026-10-21T16:56:42.000Z
- Description: It's not clear if the restructuring is related to Taiwan's moves to strengthen its "non-red" drone supply chain.
- Author: Cbot Crew
- Tags: Drones & defense tech, Coretronic Corporation, Coretronic Intelligent Robotics, CoreIntelligence Holdings Corporation, Ministry of National Defense, #for-ian, #edibot, #edibot-changed

[Coretronic Corporation](https://www.coretronic.com/en?ref=asia-tech-news.ghost.io) (中強光電), a maker of LCD backlights and projectors based in Hsinchu, Taiwan, will hand its drone maker, [Coretronic Intelligent Robotics](https://www.coretronic-robotics.com/tw/about?ref=asia-tech-news.ghost.io) (中光電智能機器人), to its new parent on Nov. 1\. [CoreIntelligence Holdings](https://www.coreintelligence.com.tw/en?ref=asia-tech-news.ghost.io) (中光電投資控股, or 中光電投控), the group's listed parent since Sept. 3, will then hold the unit directly.

In an [Oct. 19 filing](https://mops.twse.com.tw/mops/?ref=asia-tech-news.ghost.io#/web/t05st01), Coretronic said it will cut its capital by NT$1.9 billion (about US$58.5 million) and pay it back to the parent mostly in shares. The drone maker goes over at its Sept. 30 book value of about NT$653.3 million (about US$20.1 million). By our calculation, that is about half the value of the shares handed over, which include a cloud-services unit and a venture-capital arm. The filing gave the purpose only as "strategic development planning." When the group announced the holding structure in April, a spokesperson said it would give the group's new businesses more flexibility, since its units differ in stage of development and capital needs, [Commercial Times reported](https://www.ctee.com.tw/news/20260427701679-430502?ref=asia-tech-news.ghost.io).

This week's filing doesn’t say whether the move is meant to let the drone unit raise capital or take on partners on its own, as Taiwan’s non-red drone supply-chain push draws bidders. CoreIntelligence holds an investor call Oct. 28.

The drone maker has supplied Taiwan's [Ministry of National Defense](https://www.mnd.gov.tw/?ref=asia-tech-news.ghost.io) (國防部). In October 2025, Coretronic's chief financial officer said a ministry tender for about 3,037 drones was shipping in eight batches, with six shipped by the end of September, [the Central News Agency (中央社) reported](https://www.cna.com.tw/news/afe/202510280391.aspx?ref=asia-tech-news.ghost.io). He said all the unit's drones were made in Taiwan.

In April, the company said large tenders hadn't started and would have no clear timetable until the legislature passed a special budget, [Commercial Times reported](https://www.ctee.com.tw/news/20260429700226-430502?ref=asia-tech-news.ghost.io). In July, [the paper reported](https://www.ctee.com.tw/news/20260729701318-430201?ref=asia-tech-news.ghost.io) that domestic tenders still hadn't been released while that budget was before the legislature, so the drone business was relying on existing government projects and follow-on tenders.

On Aug. 27, Taiwan's legislature passed a law on defense self-reliance and the unmanned-vehicle industry that requires the central government to budget NT$240 billion (about US$7.4 billion) over six years through its annual budgets, rather than the special budget the cabinet had sought, [the Central News Agency reported](https://cna.com.tw/news/aipl/202608270286.aspx?ref=asia-tech-news.ghost.io). Separately, more of Taiwan's small government drone tenders have ended with no award this year, [as we reported](https://asia-tech-news.ghost.io/taiwan-seeks-non-red-drone-supply-chain-but-struggles-to-award-contracts/).

*Sources:* [*CoreIntelligence Holdings (中光電投控, TPEx 3718), material information on Coretronic Corporation's capital reduction*](https://mops.twse.com.tw/mops/?ref=asia-tech-news.ghost.io#/web/t05st01)*, Commercial Times* [*\[1\]*](https://www.ctee.com.tw/news/20260427701679-430502?ref=asia-tech-news.ghost.io)*,* [*\[2\]*](https://www.ctee.com.tw/news/20260429700226-430502?ref=asia-tech-news.ghost.io)*,* [*\[3\]*](https://www.ctee.com.tw/news/20260729701318-430201?ref=asia-tech-news.ghost.io)*, Central News Agency* [*\[1\]*](https://www.cna.com.tw/news/afe/202510280391.aspx?ref=asia-tech-news.ghost.io)*,* [*\[2\]*](https://cna.com.tw/news/aipl/202608270286.aspx?ref=asia-tech-news.ghost.io)*,* [*Coretronic Intelligent Robotics*](https://www.coretronic-robotics.com/tw/about?ref=asia-tech-news.ghost.io)*,* [*CoreIntelligence Holdings Corporation*](https://www.coreintelligence.com.tw/en?ref=asia-tech-news.ghost.io)*,* [*Coretronic Corporation, 2025 annual report*](https://www.coretronic.com/ir/report/RZj6Z9/download/114%E5%B9%B4%5F%E5%B9%B4%E5%A0%B1.pdf?ref=asia-tech-news.ghost.io)*,* [*Coretronic Intelligent Robotics (company website)*](https://www.coretronic-robotics.com/tw/product?ref=asia-tech-news.ghost.io)

*Editor: Ian Lamont*