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Saudi Arabia Turns Taiwan Into Drone Export Leader As Iran War Reshapes Warfare
New data show that Saudi Arabia purchased a record $47.2 million worth of small drones from Taiwan last month, underscoring how governments are beginning to rapidly procure suicide drones.
Bloomberg was the first to cite new data from Taiwan's Ministry of Finance showing that drone exports surged in June, driven by a record order from Saudi Arabia. The timing suggests Riyadh absorbed many hard lessons during the US-Iran conflict and is moving quickly to build stockpiles of one-way attack and interceptor drones.
The exported drones weighed roughly 7 to 15 kilograms - or up to 30 pounds - and in a recent report by Piper Sandler analyst Clarke Jeffries, these drones are considered Group 1 and Group 2.
Jeffries laid out three key insights about the rapidly changing defense landscape:
He also listed ways to profit from the drone industry as the wave of orders begins:
Read:
"Only The Beginning": How To Profit From The A...
"They All Believe That Taiwan's Part Of China", Former Reagan Advisor On Chinese Nationalism
Iran is dominating headlines, but Washington's favorite bipartisan monster abroad is never too far from the sights of the hawks. Just days ago, and while the U.S. is fighting a war, Kentucky Senator Mitch McConnell scolded Marco Rubio for pausing a weapons shipment to Taiwan.
Last night, ZeroHedge hosted opposing think tankers to answer the question that DC likes to keep ambiguous: Should the U.S. defend Taiwan if China invades?
In the “no” corner was Doug Bandow, senior fellow at the Cato Institute, who once served as special assistant to President Ronald Reagan. Arguing “yes”, we should intervene, is the Heritage Foundation's Steve Yates, a former deputy national security advisor to the Vice President Dick Cheney.
Below were the highlights for those who missed it:
Are We Prepared?
Bandow argued that the Taiwan debate often understates both the depth of Chinese nationalism and the...
Cato Vs Heritage: Should The US Defend Taiwan?
While President Trump has softened his rhetoric on China since his recent visit to Beijing, he has continued to keep the answer to one question close to his chest: would the United States go to war to defend Taiwan if China attempts to seize the island by force?
Though perhaps a better question is Should we? Tonight, the Cato Institute and Heritage Foundation join ZeroHedge Debates to tackle that question.
Taking the case against military intervention is Cato's Doug Bandow, who argues that a war with China over Taiwan would impose enormous costs on the United States while serving interests that are ultimately peripheral to American security, and well… there's the risk of nuclear war.
Advocating intervention is Steve Yates of Heritage, who contends that abandoning Taiwan would shatter U.S. credibility throughout Asia, embolden Beijing, and fundamentally alter the global balance of power in China's favor.
Our returning host David Rand of the Hu...
The trade deal, which leans heavily on critical chip supplier Taiwan Semiconductor Manufacturing Co., represents a major shift, and the market is catching on....