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FTI backs new national semiconductor board, eyes ฿2.5tn investment for chips ‘Made-in-Thailand’ by 2050

11 Sept 07:33 Key points summarised by AI

The Federation of Thai Industries (FTI) welcomes the new National Advanced Semiconductor and Electronics Policy Committee, aiming to establish Thailand as ASEAN's leading advanced electronics source.
The initiative seeks a substantial ฿2.5 trillion investment by 2050 to develop a robust domestic supply chain for 'Made-in-Thailand Chips', crucial for reducing import reliance and securing foreign direct investment.
This strategic move addresses skyrocketing global demand for semiconductors in key industries like EVs, AI, and robotics, positioning Thailand to compete effectively amidst technological disruption.
The plan includes developing nearly a quarter-million highly skilled workers, attracting upstream IC design industries, and boosting high-tech workforce reskilling and R&D to transform Thailand into a regional innovation creator.

Today 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.