The Thailand Board of Investment (BOI) has approved a significant investment of THB 10.5 billion (USD 302 million) by UNIQUE Integrated Technology Co., Ltd., a subsidiary of Foxsemicon Integrated Technology Inc. (Fiti Group), to establish a factory focused on producing high-precision machinery parts and equipment for the semiconductor industry. This investment is seen as pivotal for Thailand’s growing semiconductor sector, especially as the country develops its National Semiconductor Strategy aimed at attracting foreign direct investments (FDI) that could generate at least USD 14 billion by 2029. The new manufacturing facility will be located in the Amata City Chonburi and Rayong Industrial Estates, key areas within Thailand’s Eastern Economic Corridor.
The factory is expected to produce essential components such as shields, chambers, high-purity valves, and sub-assembly modules critical for semiconductor manufacturing. It will create over 1,400 jobs for qualified Thai workers and source more than 25% of its raw materials domestically, with anticipated annual exports exceeding THB 6 billion (USD 172.9 million). The investment aligns with a broader trend in Thailand, where applications for investment promotion increased by 42% in the first nine months of 2024, particularly in sectors like electrical appliances and electronics.
This initiative not only enhances Thailand’s position in the global semiconductor supply chain but reflects the government’s commitment to fostering a skilled workforce and supporting high-tech industries. The BOI Secretary General highlighted the importance of this investment as part of efforts to bolster Thailand’s economy and technological capabilities, paving the way for future growth in the semiconductor sector and related industries.
(Source: PR Newswire)