Infineon Invests 48 Billion Baht in New Power Semiconductor Plant in Thailand

German semiconductor giant Infineon Technologies has announced plans to invest approximately 48 billion baht (around 200 billion yen) in constructing a state-of-the-art power semiconductor manufacturing plant in Thailand. This investment aligns with the Thai government's "Chip Made in Thailand" strategy, aiming to establish Thailand as a hub for the semiconductor industry in Southeast Asia. The new plant will focus on producing power semiconductors, which are in high demand in rapidly growing sectors such as electric vehicles (EVs), renewable energy, and data centers. Infineon plans to leverage its extensive experience and technological expertise, accumulated through its long-standing operations in Thailand, to supply high-quality products to the global market. This significant investment is expected to greatly contribute to the revitalization of the Thai economy, job creation, and the enhancement of the country's competitiveness in advanced technology fields. The Thai government is promoting incentives and infrastructure development to attract foreign investment and foster domestic industries, and Infineon's decision is seen as one of the outcomes of these efforts. Source: MGR Online (Business)