BOI Forecasts New AI and Semiconductor Investment Wave in Thailand

Prachachat•Economy•13h ago

Reader Briefing

The Board of Investment of Thailand expects a new wave of high-value investments in AI, semiconductors, and smart vehicles over the next 3-5 years.

•Thailand is targeting a GDP growth of at least 3% per year by 2035.
•The Board of Investment plans to propose a national semiconductor strategy in early September.
•Infineon Technologies Thailand is building a new backend factory to serve as a Next Generation Backend Hub.
•Lumentum Thailand has expanded its workforce to nearly 10,000 employees, making Thailand its largest production base globally.

Overview

•Narit Theordsathirasak stated that Thailand remains a key FDI destination in Asia due to global supply chain restructuring and its strengths in neutrality and infrastructure.
•The Board of Investment expects a new investment wave in AI, semiconductors, smart vehicles, and smart electronic devices within the next 3-5 years.
•The Board of Investment will propose a national semiconductor strategy in early September.
•The Board of Investment is implementing a Build-Buy strategy involving 8 universities and the recruitment of global experts to develop personnel.
•The Board of Investment aims for Thailand to rank among the top 20 most competitive countries in the world by 2030.
•Infineon Technologies Thailand is constructing a new automated backend factory nearly twice the size of the company's current largest hub.
•Wei Khoe Lim and Dr. Prong Kongsapto both highlighted the need to improve electrical grid stability, regulations, and the production of specialized engineers.
•Lumentum Thailand's production of Photonics and optical transmission equipment supports AI and data center infrastructure, increasing Thailand's role in the global digital supply chain.

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Source: Prachachat (Original)

Key Quotes

Dr. Prong Kongsapto

"Investment success should not be measured solely by the amount of FDI entering the country, but by whether those investments create supply chains, local partners, and added value for the Thai economy."

ความสำเร็จด้านการลงทุนไม่ควรวัดเพียง เม็ดเงิน FDI ที่เข้าประเทศ แต่ต้องทำให้เงินลงทุนเหล่านั้นสร้างซัพพลายเชน คู่ค้าท้องถิ่น และมูลค่าเพิ่มให้เศรษฐกิจไทยได้ด้วย

Key Entities

Organization

Board of Investment(บีโอไอ)

The government agency responsible for investment promotion in Thailand.

Infineon Technologies Thailand

A company building a Next Generation Backend Hub factory in Thailand.

Lumentum Thailand

A Photonics and optical transmission equipment producer with its largest global production base in Thailand.

Person

Narit Theordsathirasak(นฤตม์ เทอดสถีรศักดิ์)

Secretary General of the Board of Investment.

Wei Khoe Lim(Mr. Wei Khoe Lim)

SVP and Managing Director of Infineon Technologies Thailand.

Dr. Prong Kongsapto(ดร.ปรอง คงทรัพย์โต)

Chief of Staff and Senior Director for External Affairs at Lumentum Thailand.

Policy

Thailand Fast Pass

A project designed to increase the ease of doing business in Thailand.

Place

Thailand(ไทย)ℹ️

The country serving as a destination for FDI and a production hub for AI and semiconductors.