Surge in PCB Manufacturing Investment Fuels Growth in Thai Electronics Sector BANGKOK – Over the past two to three years, Taiwan has become a significant investor in Thailand’s electronics sector, particularly in printed circuit board (PCB) production. This surge in investment is largely driven by the ongoing tensions between the US and China, with many
Surge in PCB Manufacturing Investment Fuels Growth in Thai Electronics Sector
BANGKOK – Over the past two to three years, Taiwan has become a significant investor in Thailand’s electronics sector, particularly in printed circuit board (PCB) production. This surge in investment is largely driven by the ongoing tensions between the US and China, with many Taiwanese companies seeking to expand their operations in Southeast Asia. As a result, Thailand has solidified its position as a crucial hub for PCB manufacturing, which plays a pivotal role in the production of a wide range of products, from smartphones to electric vehicles.
In 2024, Taiwanese investors ranked fourth in terms of applications for tax incentives at Thailand’s Board of Investment (BOI), submitting 126 projects valued at 50 billion baht (S$2 billion), the majority of which focused on the expansion of PCB production.
The electronics and electrical appliances sector emerged as the second-largest recipient of investment at the BOI last year, following the digital sector. In total, the sector saw 407 projects amounting to 231.7 billion baht, with 83 of these projects dedicated to PCB manufacturing, worth 86.4 billion baht.
