Thailand’s Board of Investment (BOI) announced its approval of $2 billion in new investments for data centers and electronics manufacturing, including a $968 million commitment from Alphabet Inc. to establish a hyperscale data center. This initiative aims to boost the region’s technological infrastructure.
The BOI also reinstated investment promotion packages while introducing relief measures for companies affected by recent floods in northern Thailand. Approved projects include two hyperscale data centers in Chonburi from Digitalland Services and Quartz Computing, as well as a manufacturing facility for circuit board materials by Cheng Yi Technology.
Additionally, the BOI has extended four investment promotion packages until the end of 2025. These packages focus on retention, relocation, stimulation for economic recovery, and upgrades in the automotive sector. Aggregate investments under these packages exceeded 650 billion baht, with adjustments to meet the current investment climate.
Source : Thailand’s BOI Approves Major Tech Investments and Incentive Package Extension
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