The Board of Investment (BoI) of Thailand has recently greenlighted 20 investment projects worth over USD 820 million from Taiwanese electronics companies which are aiming to set up operations in the Southeast Asian country as a base for exports.
These players seek diversify and mitigate the impact of geopolitical conflicts, such as China-Taiwan tensions, while also benefiting from contained operating costs compared to the US and Europe.
In effect, it has been highlighted that Thailand can become a key printed circuit board (PCB) manufacturer, further consolidation its position in the electronics industry. The BoI plans to invite additional electronics firms to invest in the country as part of its five-year promotion strategy.
Taiwan is prime target to boost the high-tech industry hub in the Eastern Economic Corridor (EEC) a special economic zone in Thailand. Taiwan has established itself as a prominent player in the electronics industry, contributing to over 65% of the global semiconductor market and 35% of the PCB market. Taiwanese manufacturers already recognize Thailand’s potential in becoming a manufacturer of upstream electronic components. In effect, the Southeast Asian country is already the largest PCB manufacturing hub in the region.
(Source: Thailand Business News)