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Thailand's 4 Strengths Attract ASML; Grand Strategy Urged for Chip Growth

Thailand's 4 Strengths Attract ASML; Grand Strategy Urged for Chip Growth

Post Today•Economy•55d ago

Reader Briefing

Thailand's inherent strengths and strategic planning are key to attracting ASML and fostering long-term semiconductor industry growth.

  • •ASML, a global leader in semiconductor manufacturing equipment, is interested in establishing a supply chain in Thailand.
  • •Thailand's advantages include a robust electronics industry, stable infrastructure, political safety, and a trusted production base.
  • •Experts advise the Thai government to develop a 'Grand Strategy' to integrate the semiconductor, electronics, and automotive sectors.
  • •Encouraging 'Venture Capital' is crucial for fostering innovation and supporting local ventures built upon acquired knowledge.

Overview

  • •ASML, a global leader in semiconductor manufacturing equipment from the Netherlands, is exploring supply chain creation in Thailand.
  • •ASML's interest stems from Thailand's sufficient potential and ASML's strategy for risk diversification away from China.
  • •Despite perceptions of Thailand's political and economic struggles, it possesses overlooked strengths attractive to ASML.
  • •Thailand's strengths include a capable electronics industry (upstream, midstream, downstream), stable electrical infrastructure, geographical safety from major conflicts, and a 'Trusted Production Base' respecting intellectual property.
  • •Professor Dr. Archarnan Kohpaiboon suggests a 'Grand Strategy' from the new government or BOI to synergize semiconductor, electronics, and future automotive industries.
  • •A unified strategy will enhance Thailand's appeal to foreign investors by demonstrating export and domestic sales potential, leading to quicker cost recovery.
  • •Professor Dr. Archarnan Kohpaiboon emphasizes that quick cost recovery, not just tax exemptions, is the most attractive factor for investors.
  • •To foster innovation, the government should facilitate 'Venture Capital' and create an environment for knowledge acquisition and business development, rather than solely expecting technology transfer.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Quotes

Prof. Dr. Archarnan Kohpaiboon
"The most attractive point is making investors see that investing in Thailand offers the quickest return on investment."
จุดที่ดึงดูดที่สุดคือทำให้นักลงทุนมองว่าการลงทุนในประเทศไทยมีความคุ้มทุนเร็วที่สุด
Prof. Dr. Archarnan Kohpaiboon
"If Thailand has a Grand Strategy and moves in the same direction, it will help create strong policy direction."
ถ้าไทยมี Grand strategy และทำไปในทิศทางเดียวกันทั้งหมดก็จะช่วยสร้างให้เกิดทิศทางทางนโยบายที่เข้มแข็ง
Prof. Dr. Archarnan Kohpaiboon
"The important thing is not to expect companies to transfer technology, but to build knowledge for those who become part of the supply chain."
สิ่งสำคัญจึงไม่ใช่การหวังให้บริษัทถ่ายทอดเทคโนโลยีให้ แต่คือการสร้างความรู้ให้กับคนที่ได้เข้าไปเป็นส่วนหนึ่งซัพพลายเชน

Key Entities

Organization

ASMLℹ️
A global leader in manufacturing advanced technology machinery for the semiconductor industry.
Board of Investment (BOI)(สำนักงานคณะกรรมการส่งเสริมการลงทุน (BOI))ℹ️
A Thai government agency responsible for promoting investment in Thailand.
Thammasat University(มหาวิทยาลัยธรรมศาสตร์ (มธ.))ℹ️
The academic institution where Prof. Dr. Archarnan Kohpaiboon teaches economics.
Financial Timesℹ️
A publication that recently analyzed Thailand as the 'Sickman of Asia'.

Place

Netherlands(เนเธอร์แลนด์)ℹ️
The country of origin for the company ASML.
Thailand(ไทย)ℹ️
The country being discussed as a potential location for ASML's supply chain and chip industry development.
China(จีน)ℹ️
A country from which ASML is seeking to diversify its risk and reduce reliance.
Vietnam(เวียดนาม)ℹ️
A neighboring country mentioned in comparison for its electrical infrastructure stability.

Person

Prof. Dr. Archarnan Kohpaiboon(ศ. ดร.อาชนัน เกาะไพบูลย์)
An economics professor at Thammasat University who is providing analysis on attracting ASML to Thailand.

Policy

Venture Capitalℹ️
A proposed regulatory adjustment to facilitate fundraising for business startups and innovation in Thailand.