Thailand Greenlights Foxconn Subsidiary's $306m Chip Plant Investment

Written By Lavinia Abirami Selva Kumaran

Nikkei Asia | 11 December 2024

Bangkok aims to attract $14.8b in semiconductor investment by 2029

The new Foxsemicon factories are expected to employ more than 1,400 Thai workers. (Photo from Fiti group website)

BANGKOK -- Thailand has approved a $306 million investment by a subsidiary of Taiwanese Apple supplier Foxconn to produce machinery parts and equipment for the chip sector, the Board of Investment (BOI) said on Wednesday.

The investment is being made through Unique Integrated Technology, a subsidiary of Foxsemicon Integrated Technology, and will be used to build two factories, one in Chonburi province and one in Rayong province.

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Lavinia Abirami Selva Kumaran
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