Thailand’s Board of Investment has given the green light to an investment exceeding $2 billion by a joint venture between China’s Zhen Ding Technology (ZDT), the world’s largest printed circuit board (PCB) maker, and Thai conglomerate Saha Pattana Inter-Holding, marking a significant milestone in the nation’s high-tech manufacturing strategy.

The approval covers a series of four promoted projects under the Peng Shen Technology (Thailand) banner, representing combined investment of more than 65 billion baht and consolidating Thailand’s position as a key production hub for advanced PCB technologies aimed at global markets.

The expanded investment will enable the joint venture to produce a broad range of sophisticated PCB products — including multilayer, flexible, substrate-like and high-density interconnect boards — which are critical components for modern electronics such as smartphones, artificial intelligence servers, automotive systems and other high-performance devices.

The projects are located in Prachin Buri province and are expected to generate employment for over 5,600 Thai workers, underscoring the economic and industrial benefits of the initiative.

Officials from the Board of Investment highlighted that the move aligns with Thailand’s ambition to deepen its role in global supply chains for high-tech electronics and advance domestic capabilities in complex manufacturing.

Beyond production scale, the joint venture has also entered partnerships with several leading Thai universities to develop specialised curricula and research in PCB technology, supporting the cultivation of a skilled local workforce.

Industry observers say the development reflects broader trends of high-value technology investment in Southeast Asia, enhancing Thailand’s competitiveness in the semiconductor and advanced electronics sectors.