PUBLISHED : 7 Sep 2023 at 07:04
The Board of Investment (BoI) has approved 20 new investment projects worth 30 billion baht from Taiwan-based electronics companies that want to use Thailand as their new export base.
The move should fuel growth of the electronics industry as the firms, especially manufacturers of printed circuit boards (PCBs), seek new investment destinations to evade the impact of geopolitical conflicts, including China-Taiwan tensions, said the BoI.
Investing in Thailand also means lower operating costs than in the US and Europe.
The BoI granted investment incentives to the Taiwanese firms during January and August.
“Some firms will produce PCBs, while others will produce notebooks for HP,” said Narit…
