Southeast Asia Competes for Semiconductor Industry Leadership
Thailand, Vietnam, and Singapore are vying to lead the semiconductor industry, driven by AI and electric vehicle demands. Thailand's BOI plans measures to lure investments in semiconductors and batteries, while Vietnam offers significant incentives through a new digital technology industry law. Nvidia and Dutch chipmaker Besi are among the notable investors showing interest in Vietnam.
Thailand, Vietnam, and Singapore are striving to become regional leaders in semiconductor manufacturing, driven by the growing demands of artificial intelligence and electric vehicles.
Thailand's Board of Investment (BOI) plans to propose new measures under Prime Minister Paetongtarn Shinawatra to fast-track investments in semiconductors and batteries.
BOI secretary-general Narit Therdsteerasukdi announced the establishment of a 'Semiconductor Board' to attract investments from the US and Europe.
Meanwhile, Vietnam is drafting a digital technology industry (DTI) law offering privileges such as up to 150% tax rebates on R&D expenses, up to 10 years of free land usage, and fast-track visas for foreign experts.
Investments over one hundred sixty million dollars would receive further incentives.
Notably, Nvidia is in talks with Vietnam’s FPT Corporation for an AI R&D facility, and Dutch chipmaker Besi has announced a one hundred sixty-four million dollar investment in Vietnam.
Thailand's Board of Investment (BOI) plans to propose new measures under Prime Minister Paetongtarn Shinawatra to fast-track investments in semiconductors and batteries.
BOI secretary-general Narit Therdsteerasukdi announced the establishment of a 'Semiconductor Board' to attract investments from the US and Europe.
Meanwhile, Vietnam is drafting a digital technology industry (DTI) law offering privileges such as up to 150% tax rebates on R&D expenses, up to 10 years of free land usage, and fast-track visas for foreign experts.
Investments over one hundred sixty million dollars would receive further incentives.
Notably, Nvidia is in talks with Vietnam’s FPT Corporation for an AI R&D facility, and Dutch chipmaker Besi has announced a one hundred sixty-four million dollar investment in Vietnam.
