Thailand Eyes "Made in Thailand" Chips with National Strategy, Aiming for 2.5 Trillion Baht Investment in 25 Years

The Thai government has approved a national strategy aimed at enhancing domestic semiconductor manufacturing capabilities. This strategy targets the attraction of investments totaling 2.5 trillion baht (approximately $70 billion USD) from both domestic and international sources over the next 25 years. The plan seeks to establish Thailand as a hub for the semiconductor industry in Southeast Asia. The government intends to support the achievement of this goal through incentives for investors and infrastructure development. Specific initiatives are expected to include the promotion of research and development, talent cultivation, and the strengthening of the supply chain that supports the manufacturing sector. Historically, Thailand has primarily served as a final assembly and processing base for industries such as automotive and electronics. However, with this new strategy, the nation aims to advance into the higher value-added semiconductor manufacturing sector. This move could lead to the diversification of the Thai economy and elevate Thailand's position within the global semiconductor supply chain. Source: MGR Online (Business)