- Taiwan has become the target country for investment to improve high-tech industry
- Thailand has attracted the attention of Taiwanese manufacturers
Thailand’s Board of Investment (BoI) has approved 20 new investment projects worth 30 billion baht from Taiwan-based electronics companies.
The companies aim to avoid geopolitical conflicts, so they have chosen Thailand as their new export base. This step will be helpful for the electronics industry, which can make Thailand a primary printed circuit board (PCB) manufacturing base in ASEAN.
The BoI has also planned to attract more electronic companies, mainly from Taiwan to invest in Thailand. Taiwan has become the target country for investment to improve high-tech industry in Thailand’s Eastern Economic Corridor (EEC).
Taiwan has made itself a major player in the electronics industry, where the country has been contributing to over 65% of the global semiconductor market and 35% of the PCB market.
Thailand has already attracted the attention of Taiwanese manufacturers for its infrastructure, investment policies, space for expansion, and skilled labour. The BoI has played a major role in it. It has invited the PCB manufacturing association for a field trip, resulting in increased PCB investment projects.
Thailand is already ASEAN’s largest PCB manufacturing hub, ahead of competitors like Vietnam and Malaysia.