Thailand Targets $80 Billion Semiconductor Investment by 2050
Thailand unveils a national semiconductor strategy targeting $80 billion in investment and 230,000 jobs by 2050, with $150 billion in annual revenue.
Thailand has announced a national semiconductor strategy that aims to draw $80 billion in investment and generate 230,000 jobs by 2050, as the country seeks to move beyond its traditional role in assembly and packaging into higher-value segments of the global chip supply chain.
The plan, unveiled by the Board of Investment, targets a fully integrated domestic chip ecosystem by 2050 and annual revenue of $150 billion. Finance Minister Ekniti Nitithanprapas said the framework would give investors a clear long-term roadmap.
Thailand already has an established chip industry, but it is concentrated mostly in assembly and packaging. The new programme is intended to shift the country into more advanced stages of production.
Support will come through tax incentives, regulatory reforms, workforce development, infrastructure upgrades and investment in research and development, the minister said.
The strategy will be rolled out in phases. The first stage focuses on strengthening packaging and testing, before expanding into chip design and wafer fabrication.
Three priority technologies have been identified: photonics, power semiconductors and sensors.
The Board of Investment announced the strategy earlier on Thursday in a statement that was subsequently withdrawn. It was later reissued without any change to the investment and job targets.