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

The incentives Thailand announced recently to promote investment in the manufacturing of semiconductors and related industries, as well as research and development, aim to further strengthen Thailand’s electronics supply chain at a critical juncture when the sector sees rising investment in face of global challenges, the Thailand Board of Investment (BOI) said.

“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 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…