Thailand attracts 690 million dollars in advanced materials investments
Technology manufacturers pledged 690 million US dollars in investment plans across Thailand to supply electric vehicle batteries and artificial intelligence server components
Thailand has attracted $690 million in investments for advanced materials in recent years, according to the Thailand Board of Investment (BOI). This surge in demand for AI, electric vehicles (EVs), and clean energy is prompting global suppliers to build upstream capacity in the country. The BOI reported 35 advanced materials projects, covering capacitors, magnets, battery and fuel-cell materials, nanomaterials, and more.
These investments represent a shift from downstream assembly to high-value materials, which are crucial for future industries. MLCCs, essential for AI servers and smartphones, are among the key components, with a single high-end server using up to 30,000 of them. Thailand's strategic position as a production base for leading component makers like Murata Electronics and Kyocera AVX Components makes it an attractive location for these investments.
The BOI plans to continue building this investment base, focusing on upstream materials and components development, R&D, technology, and workforce development to transform Thailand into the region's advanced materials hub.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
