Thailand Approves Foxconn Subsidiary’s $306 Million Investment in Chip Manufacturing Plants

Thailand's Board of Investment (BOI) announced on Wednesday its approval of a $306 million investment by Unique Integrated Technology, a subsidiary of Foxconn Technology Group. The investment aims to bolster the semiconductor sector through the production of machinery components and equipment for chip manufacturing.

The project includes the construction of two state-of-the-art factories in Chonburi and Rayong provinces. This strategic move aligns with Thailand’s ambitions to strengthen its position in the global semiconductor supply chain.

“This is a significant investment by a subsidiary of Foxconn, a global leader in semiconductor wafer fabrication equipment supply chains,” said Narit Therdsteerasukdi, Secretary-General of BOI. “The timing couldn’t be better, as we are in the process of drafting Thailand’s National Semiconductor Strategy.”

The approval highlights Thailand’s commitment to fostering innovation and attracting key players in the semiconductor industry. The establishment of these facilities is expected to enhance the nation’s competitiveness and align with global technology trends.