The plan was announced following a meeting of the National Semiconductor and Advanced Electronics Policy Committee, chaired by caretaker finance minister Ekniti Nitithanprapas, reports the Bangkok Post.
The committee reviewed a draft strategy prepared by the Board of Investment (BoI), setting phased development milestones for 2030, 2040 and 2050.
BoI secretary-general and Semiconductor Board secretary Narit Therdsteerasukdi said the initiative would strengthen Thailand’s position as a regional hub for chip production.
He said Thailand is prioritising power, sensors, photonics and discrete and analog semiconductors, which are closely linked to the country’s established electronics manufacturing base and supply chains serving the automotive, energy, data centre and industrial sectors.
Mr Narit said Thailand already benefits from strong infrastructure and deep supply chain networks. The government will align policy, funding and institutional support across agencies to accelerate industry growth, he said.
Global demand for semiconductors is driven by electric vehicles, renewable energy systems, artificial intelligence and smart manufacturing, sectors in which Thailand already hosts major international manufacturers.
In the near term, the strategy will emphasise areas where Thailand has competitive advantages, including semiconductor assembly and testing, integrated circuit design and advanced electronics manufacturing, while encouraging investment in upstream activities such as wafer fabrication and supporting the emergence of local industry champions.
Electronics and electrical products account for roughly one-quarter of Thailand’s total exports. In 2024, electronics exports tallied B1.86trn, with semiconductors contributing B436 billion.
Between 2018 and November 2025, investment promotion applications in Thailand’s electrical and electronics industry totalled B1.17trn across 1,748 projects, representing 19% of all promoted investment and making it the country’s largest sector by value.
Several leading semiconductor companies have already expanded operations in Thailand, including Germany’s Infineon, US-based Analog Devices, Lumentum, Microchip Technology and Foxsemicon Integrated Technology, a subsidiary of Taiwan’s Foxconn.
Officials said the new strategy will build on this momentum, positioning Thailand as a key player in the global semiconductor supply chain for decades to come.