Chinese Technology Firms Prepare 70-Billion-Baht Thailand Investment

Chinese Technology Firms Prepare 70-Billion-Baht Thailand Investment

Prime Minister Anutin Charnvirakul says four major Chinese technology companies plan to invest more than 70 billion baht in Thailand this year. The proposed projects cover optical transceivers, data centres, semiconductors and electric vehicles, with tens of thousands of jobs expected. Anutin announced the plans after meetings with company executives during a July 16–20 visit to Shanghai, Chengdu and Beijing. The government intends to improve Thai workers’ skills so they can benefit from technology transfer and advanced manufacturing expertise. Officials also promoted the Thailand FirstPass service, which aims to streamline investment approvals and licensing through a single system.