The electronics industry of Thailand is set to experience significant growth as 20 new investments, amounting to 30 billion baht, have been approved by the Board of Investment (BoI). These investments are from Taiwan-based electronics firms that have shown intent to establish Thailand as their new export base.
The BoI indicated that this move is particularly noteworthy for manufacturers of printed circuit boards (PCBs), as they seek new investment locations to circumvent the effects of geopolitical conflicts, including the tensions between China and Taiwan. Additionally, operating costs in Thailand are considerably lower than in the US and Europe, making it a very attractive investment destination.
The incentives for investment were offered to the Taiwanese firms between January and August.
Narit Therdsteerasukdi, the secretary-general of the BoI,…
