Thailand is emerging as a potential destination of interest for ASML, the Dutch technology leader in semiconductor manufacturing equipment, thanks to four distinct competitive strengths that experts say could support deeper integration into the global semiconductor supply chain.

Analysts and academics are urging the government to adopt a comprehensive grand strategy to link these advantages with long-term industrial growth and foreign direct investment.

Prominent among Thailand’s assets is its well-established electronics industry, spanning upstream, midstream and downstream activities that include chip assembly, testing and related components such as power sensors, printed circuit boards and electrical appliances.

This deep industrial base provides a foundation for potentially anchoring more advanced manufacturing functions in the semiconductor value chain.

Reliable infrastructure, particularly in electricity supply, further distinguishes Thailand from some regional competitors, offering a degree of operational certainty prized by global technology manufacturers.

Another strength frequently cited is Thailand’s low geopolitical risk.

Unlike some regional neighbours, the country is not viewed as being at risk of large-scale conflict, a factor that reassures multinational investors seeking stability for capital-intensive, long-term projects.

Coupled with this is Thailand’s reputation as a trusted production base where intellectual property is respected and business secrets are safeguarded, an important consideration for high-tech firms like ASML.

Despite these inherent advantages, experts stress that Thailand’s government and investment promotion agencies need to articulate a clear grand strategy that integrates the semiconductor sector with other high-growth areas such as advanced electronics, future mobility and broader technology ecosystems.

Such a strategy, they argue, would enable quicker returns on investment, enhance policy coherence and signal long-term stability to global investors.

Officials say aligning incentives, regulatory frameworks and workforce development will be crucial to translating interest into substantial industrial expansion.

Observers also note that while ASML’s involvement would likely focus initially on supply-chain components rather than full-scale production of advanced lithography machines, Thailand could still reap significant benefits in knowledge creation and industrial upgrading.

Experts emphasise the importance of nurturing innovation and venture capital environments that can support value-added activities beyond assembly, helping to build a more resilient and diverse high-tech economy in the years ahead.