Thailand to develop first silicon chip plant

By Vietnam News Agency
Tue, September 24, 2024 | 10:25 pm GMT+7

The Thailand Board of Investment (BOI) has announced a joint venture between Hana Microelectronics and Thai energy firm PTT to construct the first silicon carbide chip factory in the country.

The project contributing to supporting the electric vehicle (EV) manufacturing industry, data centers, and energy storage systems. Photo courtesy of nationthailand.com.

The project contributing to supporting the electric vehicle (EV) manufacturing industry, data centers, and energy storage systems. Photo courtesy of nationthailand.com.

The project, with an initial investment of THB11.5 billion ($345 million), is set to commence production within the next two years, contributing to supporting the electric vehicle (EV) manufacturing industry, data centres, and energy storage systems.

Narit Therdsteerasukdi, secretary general of the BOI, said the project is currently in the process of designing the factory and preparing to start construction in the Saha Group Industrial Park.

The factory is expected to take about two years to build and install machinery, with production slated to begin in the first quarter of 2027. The joint venture will benefit from technology transfer from a leading chip manufacturer of the Republic of Korea to produce 6-inch and 8-inch silicon carbide (SiC) wafers.

The project will be an important step in elevating Thailand's position in the upstream semiconductor industry, Narit said.

He added that the project will create jobs, develop science and technology human resources through cooperation with Thai universities, and encourage Thai businesses to join the semiconductor supply chain.

Comments (0)
  • Read More
PVI Insurance: Brand positioning through internal strength, trust, and innovation

PVI Insurance: Brand positioning through internal strength, trust, and innovation

For the second consecutive year, PVI Insurance Corporation has been honored as the leader in the “Top 10 Most Reputable Non-Life Insurance Companies in Vietnam 2025,” organized by Vietnam Report in collaboration with online newspaper VietNamNet.

Companies - Mon, August 4, 2025 | 5:34 pm GMT+7

S. Korean firm LGES eyes electric motorbike manufacturing in northern Vietnam

S. Korean firm LGES eyes electric motorbike manufacturing in northern Vietnam

The Seoul-based LG Energy Solution (LGES) plans to invest in an electric motorbike manufacturing plant and charging stations in the northern province of Phu Tho with official development assistance (ODA) funding, said its senior manager Lee Jin Woo.

Investing - Mon, August 4, 2025 | 5:04 pm GMT+7

Carlsberg Vietnam's journey of sustainable growth and lasting commitment with central Vietnam

Carlsberg Vietnam's journey of sustainable growth and lasting commitment with central Vietnam

In 2025, Carlsberg Vietnam, along with its beloved Huda brand, celebrates seven years of a promise that continues to flow strong, “Fresh Water for Beloved Central”.

Companies - Mon, August 4, 2025 | 2:36 pm GMT+7

Vingroup's hospitality arm records $9.82 mln in H1 profit

Vingroup's hospitality arm records $9.82 mln in H1 profit

Vinpearl Joint Stock Company's revenue and after-tax profit hit VND5,912 billion ($225.84 million) and VND257 billion ($9.82 million), respectively, in H1/2025, completing 42.2% and 15% of the year's targets.

Companies - Mon, August 4, 2025 | 2:19 pm GMT+7

Vietnam, Singapore launch green e-commerce platform

Vietnam, Singapore launch green e-commerce platform

A new green e-commerce platform, Vietnamsgp.arobid.com, has been launched in Singapore, aiming to connect 20,000 businesses from both countries and promote sustainable digital trade.

Economy - Mon, August 4, 2025 | 1:16 pm GMT+7

Central Vietnam province Khanh Hoa receives many major urban area projects in H1

Central Vietnam province Khanh Hoa receives many major urban area projects in H1

Vietnam’s south-central province of Khanh Hoa attracted 61 private investment projects with total registered capital of approximately VND388.9 trillion ($15 billion) in the first half of 2025.

Industries - Mon, August 4, 2025 | 12:34 pm GMT+7

Vietnam’s largest container fleet operator Hai An logs highest quarterly profit in 11 years

Vietnam’s largest container fleet operator Hai An logs highest quarterly profit in 11 years

Hai An Transport and Stevedoring JSC, the owner of Vietnam’s largest container fleet, posted over VND414 billion ($15.8 million) in after-tax profit in Q2/2025, up 227% year-on-year, marking its highest quarterly profit since 2014.

Companies - Mon, August 4, 2025 | 8:46 am GMT+7

Malaysia’s Capital A eyes investing in aviation industrial complex in central Vietnam

Malaysia’s Capital A eyes investing in aviation industrial complex in central Vietnam

Capital A, the parent company of Malaysian budget airline AirAsia, is exploring investment opportunities in an aviation industrial complex in Quang Tri, a province in central Vietnam, through a potential partnership with local conglomerate T&T Group.

Infrastructure - Mon, August 4, 2025 | 7:05 am GMT+7

46% of Vietnamese businesses struggle to attract talent: study

46% of Vietnamese businesses struggle to attract talent: study

A recent study by Anphabe, a leading HR consulting firm in Vietnam, showed that 46% of Vietnamese businesses face challenges in attracting talent with the right skill sets, often due to cultural barriers and a fear of innovation.

Companies - Sun, August 3, 2025 | 11:42 pm GMT+7

HCMC aims to establish battery recycling center, join global green supply chain: chairman

HCMC aims to establish battery recycling center, join global green supply chain: chairman

Ho Chi Minh City is planning to establish an electric vehicle battery recycling center - positioning itself as a crucial link in the global green economy supply chain, said Chairman of the municipal People’s Committee, Nguyen Van Duoc.

Economy - Sun, August 3, 2025 | 11:23 pm GMT+7

Vietnam greenlights expansion of North-South Expressway’s eastern wing via PPP model

Vietnam greenlights expansion of North-South Expressway’s eastern wing via PPP model

The Vietnamese government has approved the expansion of the eastern wing of the North-South Expressway using the public-private partnership (PPP) model, according to a statement from the Government Office.

Infrastructure - Sun, August 3, 2025 | 12:11 pm GMT+7

Vingroup chairman injects $687 mln into EV maker VinFast in Q2

Vingroup chairman injects $687 mln into EV maker VinFast in Q2

Billionaire Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, poured VND18 trillion ($686.5 million) into the group’s EV subsidiary VinFast in the second quarter of 2025, raising the total in the first half to VND23 trillion.

Companies - Sun, August 3, 2025 | 10:57 am GMT+7

Vietnam to launch int’l financial center in HCMC, Danang by late 2025

Vietnam to launch int’l financial center in HCMC, Danang by late 2025

Vietnam is set to put its first international financial center (IFC), located in both Ho Chi Minh City and Danang, into operation by the end of this year.

Finance - Sun, August 3, 2025 | 9:27 am GMT+7

Former Techcombank exec appointed CEO of technology major One Mount Group

Former Techcombank exec appointed CEO of technology major One Mount Group

Phung Quang Hung, former deputy CEO of Techcombank, has been appointed CEO of One Mount Group, a technology ecosystem in Vietnam.

Companies - Sun, August 3, 2025 | 8:00 am GMT+7

Consumer finance major F88 to trade on Vietnam's unlisted public companies market next Friday

Consumer finance major F88 to trade on Vietnam's unlisted public companies market next Friday

F88 Investment JSC (F88), a leading consumer finance company in Vietnam, will float its over 8.26 million shares on the Unlisted Public Companies Market (UPCoM) on August 8, with a reference price of VND634,900 ($24.2) apiece.

Finance - Sat, August 2, 2025 | 11:14 pm GMT+7

Vietnam's manufacturing sector returns to growth after 4 months as new orders rise

Vietnam's manufacturing sector returns to growth after 4 months as new orders rise

Despite further export weakness due to U.S. tariffs, the Vietnamese manufacturing sector returned to growth in July as a renewed expansion in new orders supported a faster rise in production, according to S&P Global.

Economy - Sat, August 2, 2025 | 3:07 pm GMT+7