Thailand wants a slice of Asia’s fast-growing semiconductor market

As more Asian countries compete to secure their share in the rapidly expanding semiconductor market, Bangkok-based Silicon Craft Technology (SICT) has secured new investors at home and abroad through its commitment to meeting all its customers’ needs and to building close relationships with its business partners.

The publicly-listed SICT specializes in advanced integrated circuit design for businesses that require RFID, NFC, and IoT technology in their equipment and products.

“We deliver data. Our radio frequency chips carry data from the source to the cloud, enabling it to be computed, analyzed, and predicted,” said SICT CEO Bodin Kasemset.

With exports accounting for over 99% of its production, SICT plays a crucial role in highlighting Thailand’s ambition to become a global leader in the semiconductor industry. Through its safe and eco-friendly microchips, the company enhances Thailand’s appeal as an ideal technology investment destination.

Meanwhile, SICT Executive Committee Chairman Naiyavudhi Wongkomet pointed out that the strength of Thailand’s automotive and electronics sectors presents a lot of opportunities for the country’s semiconductor industry.

“Electronics alone accounts for 15% of exports and, combined with automotive and home appliances, these sectors drive nearly half of Thailand’s exports,” Wongkomet said.

As a result of government policies to support the industry, Hana Semiconductor and PTT have backed a project to build a new wafer semiconductor fabrication facility. There has also been a proposal to introduce semiconductor courses in the curriculum to improve the quality of its highly skilled workers.

“I invite investors to consider Thailand for expansion, whether in semiconductors, electronics, or EVs (electric vehicles). Our electronics and semiconductor industries are core to our economy, and we’re establishing the infrastructure and expertise to support long-term growth,” Wongkomet said.