FTI says chip sector needs more than investment (opens original article in a new tab)

Thailand's FTI says the chip sector requires more than investment, emphasizing the need for technological expertise and human resource development alongside foreign capital. The government aims to attract 2.5 trillion baht in investment by 2050 and create 230,000 skilled workers, but the TISI fell to a 48-month low due to domestic economic challenges and import competition.

• FTI emphasizes that Thailand needs more than foreign investment to develop its semiconductor industry
• The National Semiconductor Policy Committee aims to attract 2.5 trillion baht in investment by 2050 and develop 230,000 skilled workers
• Thailand's TISI dropped to 84.7 in May, the lowest in 48 months due to domestic economic struggles and import competition
• Loan grants for SMEs contracted by 4% year-on-year as banks remain cautious about lending