Thailand’s BoI plans more foreign semiconductor investment

The Board of Investment (BoI) of Thailand has expressed an interest in attracting further foreign investment for the production of advanced semiconductors this year.

This move comes as numerous businesses from China and Taiwan are looking to expand their investments in Thailand, particularly for printed circuit boards, to circumvent geopolitical risk, said Wirat Tatsaringkansakul, the BoI Deputy Secretary-General.

“Companies will come in clusters, offering more advanced technology.”

Wirat added that Thailand’s robust infrastructure, skilled workforce, and tax privileges make it an attractive option for advanced manufacturing, especially amidst geopolitical tensions.

In 2023, the total investment in semiconductor production in Thailand reached 800 billion baht, as per the BoI’s records.

Sony Device Technology (Thailand) (SDT) recently invested 2.3 billion baht to establish…