Thailand's semiconductor sector received a significant boost with the Thailand Board of Investment (BOI) approving a 10.5 billion baht ($306 million) investment by UNIQUE Integrated Technology Co., Ltd., a subsidiary of Foxsemicon Integrated Technology Inc. (Fiti Group). The new manufacturing facilities will focus on high-precision machinery parts and equipment essential for semiconductor production.

The facilities, located in the Amata City Chonburi and Amata City Rayong Industrial Estates within Thailand's Eastern Economic Corridor, will produce shields, chambers, high-purity valves, and sub-assembly modules. These components are critical for wafer fabrication machinery used in the semiconductor industry.

“This investment by a key player in the Foxconn Technology Group aligns perfectly with Thailand's development of its National Semiconductor Strategy,” said BOI Secretary General Narit Therdsteerasukdi.

The announcement follows a recent meeting chaired by Prime Minister Paetongtarn Shinawatra, where the newly established Semiconductor Board outlined plans to attract 500 billion baht ($14.5 billion) in foreign direct investment by 2029. The initiative aims to position Thailand as a hub for advanced electronics and semiconductor manufacturing.

Fiti Group, part of Taiwan-based Hon Hai Precision Industry (Foxconn), operates facilities in Taiwan and China, with service offices in the United States. The Thai expansion is expected to create over 1,400 skilled jobs and generate annual exports exceeding 6 billion baht. Additionally, the company plans to source 25% of its raw materials domestically, strengthening local supply chains.

Thailand's electronics sector is experiencing robust growth. In the first nine months of 2024, investment applications surged 42% year-on-year to 722.5 billion baht, the highest level since 2015. The electrical appliances and electronics (E&E) sector led the way with 291 projects worth 183.4 billion baht.

The Fiti Group investment reflects growing confidence in Thailand's ability to support high-tech industries. By attracting significant foreign investments, Thailand continues to solidify its position as a key player in the global semiconductor supply chain.