ZenaTech (ZENA) announces an update on its US-based ZenaDrone subsidiary’s Arizona and Taiwan manufacturing supply chain strategy in light of the current economic changes and tariffs announced by the current US Administration. ZenaDrone will continue to source and manufacture drone cameras, sensors and other related components at its Taiwan-based Spider Vision Sensors company to reduce its supply chain risk and ensure NDAA-compliant parts for its US Defense-destined drone products, which will be manufactured in Arizona. The company also benefits from recent announcements doubling tariffs on Chinese imports including drones and parts from 10% to 20% which will negatively impact many US drone companies and customers given the drone industry dominance of China.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZENA:
- ZenaTech’s Spider Vision Sensors developing partnerships in East Asia
- ZenaTech Announces Annual General Meeting and Strategic Review
- ZenaTech’s ZenaDrone advances IQ Square drone to manufacturing stage
- ZenaTech’s ZenaDrone finalizes third generation design
- ZenaTech announces results from its Quantum Computing Sky Traffic project
Questions or Comments about the article? Write to editor@tipranks.com