Expanded PCB manufacturing incentives to cover the entire supply chain

24 Mar 2024

On 24 March 2024, the Board of Investment (BOI) of Thailand approved a revision of the types of businesses qualified to receive incentives granted to manufacturers of printed circuit boards (PCB) to cover the entire supply chain.

In 2023, the BOI approved investment promotion benefits to PCB project by some 40 companies representing a combined investment of $2.7 billion. The project applications came from companies based in China, Taiwan, Province of China and Japan that moved their PCB production hub to Thailand, as well as from Thai companies.

In order to further promote foreign investment in the manufacturing of PCB, and cover the entire supply chain, the BOI approved a modification of the definition of qualified types of business to include manufacturers of parts and providers of related services such as lamination, drilling, plating, routing, and electrical testing, etc.