Thailand’s industrial policy is undergoing a significant transformation in 2026. For decades, the country’s investment promotion framework largely prioritized foreign direct investment, export generation, and manufacturing expansion. Today, however, regulators are demanding something far more substantial: measurable domestic economic participation.
Accounting & Legal in Thailand
Thailand’s Board of Investment (BOI) is fundamentally reshaping the country’s electronics investment strategy. For more than two decades, Thailand positioned itself as a regional manufacturing hub for downstream electronics production, particularly in assembly, testing, and packaging (ATP) operations. However, recent policy direction shows a decisive transition toward attracting upstream semiconductor activities, especially wafer fabrication, integrated circuit (IC) design, advanced substrate technologies, and high-value microelectronics infrastructure.
Thailand’s electric vehicle (EV) industry is entering a decisive new phase. After several years of aggressively attracting EV assemblers through tax incentives and production subsidies, the Thai government is now shifting its focus toward a far more strategic objective: upstream ecosystem localization.
