The electronics industry of Thailand is set to experience significant growth as 20 new investments, amounting to 30 billion baht, have been approved by the Board of Investment (BoI). These investments are from Taiwan-based electronics firms that have shown intent to establish Thailand as their new export base.

 

The BoI indicated that this move is particularly noteworthy for manufacturers of printed circuit boards (PCBs), as they seek new investment locations to circumvent the effects of geopolitical conflicts, including the tensions between China and Taiwan. Additionally, operating costs in Thailand are considerably lower than in the US and Europe, making it a very attractive investment destination.

 

The incentives for investment were offered to the Taiwanese firms between January and August.

Narit Therdsteerasukdi, the secretary-general of the BoI, said some firms will produce PCBs, while others will produce notebooks for HP, in reference to the US-based information technology firm, Hewlett-Packard.

 

by Alex Morgan

Image by sasirin pamai's Images.

 

Full story: https://thethaiger.com/news/business/taiwanese-firms-30-billion-baht-investment-boosts-thailands-electronics-industry

 

-- The Thaiger 2023-09-07

 

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Good development, hopefully for all concerned (except CCP).

49 minutes ago, OneZero said:

Good development, hopefully for all concerned (except CCP).

As requested by the CCP!

Wonder if this subject will be discussed when the new PM visits China Xi .

Assembly with components made in China.  The Chinese-made components will be made with subcomponents made elsewhere.  Those subcomponents will also have parts made elsewhere, etc.

 

Like it or not, the supply chain is too thoroughly globalized to unravel it.