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Tuesday, May 7, 2024

Ongoing US-China tech war likely to benefit Thailand

The OIE Director-General Warawan Chitaroon said that this competition is expected to continue and has so far influenced several major semiconductor firms to shift their production bases from China to countries that are not direct competitors in the technology war, particularly those in Southeast Asia with relatively stable political environments.

Thailand has already seen some benefits from this situation, with some major companies relocating their digital camera production bases from China to Thailand, positively impacting various economic activities. The economy can be further strengthened if Thailand is able to attract investment from companies in industries affected by the competition between the US and China.

If account is taken of factors affecting the supply chain resilience of semiconductor and electronics production in each country, Thailand, Vietnam, and India have less…

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