BANGKOK — UNIQUE Integrated Technology Co., Ltd., a subsidiary of Foxsemicon Integrated Technology Inc. (Fiti Group) under the Foxconn Technology Group, has secured approval from Thailand’s Board of Investment (BOI) for a 10.5 billion baht ($306 million) investment in high-precision semiconductor equipment manufacturing.
The facilities will be established in Chonburi and Rayong provinces within Thailand’s Eastern Economic Corridor (EEC), a hub for advanced technology and innovation. These plants will produce 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 aligns with Thailand’s National Semiconductor Strategy,” stated Narit Therdsteerasukdi, BOI Secretary General. The strategy, unveiled at a recent Semiconductor Board meeting chaired by Prime Minister Paetongtarn Shinawatra, aims to attract 500 billion baht ($14.5 billion) in foreign investment by 2029.
Fiti Group, with existing production facilities in Taiwan and China and service offices in the United States, anticipates the Thai expansion will create over 1,400 skilled jobs and generate annual exports worth more than 6 billion baht. Furthermore, the company plans to source 25% of its raw materials locally, bolstering Thailand’s domestic supply chains.
The investment highlights the growing appeal of Thailand’s electronics sector. In the first nine months of 2024, investment applications surged 42% year-on-year, reaching 722.5 billion baht — the highest since 2015. Electrical appliances and electronics were the leading contributors, with 291 projects valued at 183.4 billion baht.
