Thailand sets $80 billion chip investment target for 2050

Thailand unveiled a semiconductor strategy on Sept. 24 targeting $80 billion in investment and 230,000 jobs by 2050. The plan seeks to move the country beyond chip assembly and testing into design and wafer fabrication. The government said it would use tax incentives, regulatory changes, workforce development and infrastructure upgrades to support the transition. Its first phase, through 2030, focuses on expanding advanced packaging and preparing for wafer production. The $80 billion figure is a target, while the plan's later phases depend on attracting investors and building the required workforce.