Thailand’s BOI approved a joint venture for a chip factory by PTT and Hana Electronics, investing 11.5 billion baht ($350 million), with construction starting in two years.
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Thailand’s BOI approved a joint venture for a chip factory by PTT and Hana Electronics, investing 11.5 billion baht ($350 million), with construction starting in two years.
Key Points
Thailand’s Board of Investment (BOI) has approved a joint venture between PTT and Hana Electronics to construct a chip factory.
The initial phase will require an investment of 11.5 billion baht (approximately $350 million).
Construction is set to begin in two years, with the current exchange rate at $1 equaling 32.8900 baht.
On Monday, Thailand’s Board of Investment (BOI) announced the approval of a significant joint venture that will see state-owned energy company PTT collaborate with Hana Electronics to establish a semiconductor manufacturing facility. This development marks a crucial step in bolstering Thailand’s position in the high-tech sector, particularly as the global demand for semiconductor…