# Taiwanese Circuit Board Makers Drive Growth in Thailand’s Electronics Sector

- Link: https://www.thailand-business-news.com/taiwan/193025-taiwanese-circuit-board-makers-drive-growth-in-thailands-electronics-sector
- Published: 2025-02-13T08:06:00+07:00
- Author: Li Zhong

**Taiwanese investments in Thailand’s PCB production have surged, fueled by US-China
tensions, with 126 projects worth 50 billion baht, bolstering the country’s electronics
sector significantly.**

**Taiwanese firms are capitalizing on Thailand’s strategic location and favorable
investment policies, positioning the country as a key hub for electronics manufacturing
in Southeast Asia. This influx of investment is expected to enhance local supply
chains, create jobs, and drive technological advancements, further strengthening
Thailand’s competitiveness in the global electronics market.**

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## Key Points

 * Taiwanese investments in Thailand‘s electronics sector have surged over the past
   few years, bolstered by US-China tensions, enhancing the country’s PCB manufacturing
   hub, essential for smartphones and electric vehicles.
 * In 2024, Taiwanese investors submitted 126 projects worth 50 billion baht for
   tax privileges, with 83 projects focused on PCB manufacturing, contributing significantly
   to the electronics sector’s growth.
 * In 2023, Thailand‘s Board of Investment attracted 40 PCB projects valued at 100.9
   billion baht, indicating a rising trend as Taiwanese firms relocate production
   to Southeast Asia amidst concerns over US tariffs on Chinese products.

A significant surge in Taiwanese investments in Thailand’s electronics sector has
notably reinforced the country’s position as a vital center for printed circuit 
board (PCB) manufacturing, an essential component in various technologies ranging
from smartphones to electric vehicles. This trend, catalyzed by heightened tensions
between the US and China, has positioned Thailand as a critical player in the broader
Southeast Asian electronics industry.

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**In 2024, Taiwanese investors emerged as prominent stakeholders in Thailand‘s Board
of Investment (BOI), ranking fourth in terms of applications for tax incentives.**
They submitted 126 projects valued at approximately 50 billion baht (around S$2 
billion), predominantly directed toward PCB production. This development reflects
a broader trend, where the electronics and electrical appliances sector ranked second
in investment influx at the BOI in the previous year, trailing only the digital 
sector. The overall investment landscape featured 407 projects amounting to 231.7
billion baht, with PCB-focused ventures alone accounting for 83 of these projects
and a total value of 86.4 billion baht.

**This investment trajectory marks a notable increase from 2023, where the BOI registered
only 40 PCB-related projects**, although with a higher cumulative valuation of 100.9
billion baht, significantly supported by Taiwanese capital. The shifting dynamics
in the geopolitical landscape, particularly concerns regarding potential tariffs
on semiconductor industries under the Trump administration‘s policies, have prompted
Taiwanese firms to relocate production to Southeast Asia. This suggests that Thailand
is poised not only to solidify its current standing but also to emerge as a central
hub for PCB manufacturing in the region, potentially shaping the future of the electronics
supply chain.