Thailand is targeting US$80 billion in semiconductor investment by 2050, alongside the creation of 230,000 jobs, under a new national strategy aimed at building a fully integrated domestic chip ecosystem.
According to Reuters, Finance Minister Ekniti Nitithanprapas said the plan also targets US$150 billion in annual semiconductor revenue by 2050, while providing investors with a clearer long-term roadmap.
Thailand already has an established semiconductor industry, though activity is currently concentrated largely in assembly and packaging.
The new strategy is designed to move the country into higher-value segments of the global semiconductor supply chain.
The government plans to support the sector through tax incentives, regulatory reforms, workforce development, infrastructure upgrades and increased investment in research and development.
Implementation will be phased, beginning with the strengthening of packaging and testing capabilities before moving into chip design and wafer fabrication.
Thailand will prioritise three key technology areas — photonics, power semiconductors and sensors.
The Board of Investment initially issued the strategy in a statement earlier on Sept 24 before withdrawing and later reissuing it, with the investment and job targets unchanged.
