Thailand has authorised over $2 billion in new investments in electronics manufacturing and data centres.
Mr Narit Therdsteerasukdi, Secretary General of the Bank of Industry (BOI), announced this during a board meeting headed by Deputy Prime Minister and Finance Minister Pichai Chunhavajira.
In a press release on Friday, Mr Narit said:
“Today the Board approved the following projects:
- Quartz Computing Co. Ltd, a subsidiary of Alphabet Inc., the parent company of Google, received approval for a 32.8 billion baht investment to establish a hyperscale data centre to be located in Chonburi Province.
- Digitalland Services (Thailand) Co., Ltd., a subsidiary of GDS IDC Services PTE Ltd., received approval for a 28 billion baht investment to establish a hyperscale data centre in Chonburi Province.
- Cheng Yi Technology (Thailand) Co., Ltd. received approval for a 6.15 billion baht project to produce prepreg and copper clad laminate (CCL), important components used in the production of printed circuit boards (PCB).”
The project approvals come after the BOI said earlier this week that Equinix, a U.S. data centre operator, intends to invest approximately $488 million over a ten-year period in Thailand.
We earlier reported that the approval of Western Digital Storage Technologies (Thailand) Company Limited’s 23.5 billion baht ($693 million) project, was announced by Thailand’s BOI.
