BANGKOK — In a significant boost to Thailand’s semiconductor industry, UNIQUE Integrated Technology Co., Ltd., a subsidiary of Foxsemicon Integrated Technology Inc. (Fiti Group), has received approval from Thailand’s Board of Investment (BOI) for a 10.5 billion baht ($306 million) investment project to manufacture high-precision semiconductor equipment.
The new manufacturing facilities, to be located in industrial estates in Chonburi and Rayong provinces within Thailand’s Eastern Economic Corridor tech hub, will focus on producing critical components for semiconductor manufacturing equipment, including shields, chambers, high-purity valves, and sub-assembly modules.
“This investment from a key player in the Foxconn Technology Group comes at an opportune time as Thailand develops its National Semiconductor Strategy,” said BOI Secretary General Narit Therdsteerasukdi.
The announcement follows last week’s meeting of Thailand’s newly formed Semiconductor Board, chaired by Prime Minister Paetongtarn Shinawatra, which outlined plans to attract at least 500 billion baht ($14.5 billion) in foreign direct investments to the semiconductor sector by 2029.
Fiti Group, part of the Taiwan-based Hon Hai (Foxconn) Group, currently operates production facilities in Taiwan and China, with service offices in the United States. The Thai expansion is expected to create more than 1,400 jobs for skilled local workers and generate annual exports exceeding 6 billion baht ($174 million).
The company plans to source over 25% of its raw materials from domestic suppliers, strengthening local supply chains.
The investment reflects growing confidence in Thailand’s electronics sector. In the first nine months of 2024, Thailand saw investment applications surge 42% year-on-year to 722.5 billion baht ($20.9 billion), reaching the highest level since 2015. The electrical appliances and electronics sector led this growth with 291 projects valued at 183.4 billion baht ($5.3 billion).
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