Thailand’s New Semiconductor Incentives Timed to Support Rising E&E Investment, BOI Says

“The Covid-19 crisis has further increased the demand for electronics products as well as critical parts, and companies, including many which already have investments in Thailand, need to expand to ensure resilience in their supply chain,” said Ms Duangjai Asawachintachit, Secretary General of the BOI. “That’s why we decided to strengthen the incentives we offer to this sector, particularly the activities requiring more advanced technology or large-scale investment.”

In the first six months of 2021, the electrical appliances and electronics industry attracted the most investment among Thailand’s target sectors with 77 projects worth 61 billion baht (USD1.8 billion), a value 136% higher than in the year earlier period. E&E represented 15.8% of the combined value of investments pledged from January to June during that period, according to data the BOI released last week.

The value of…