Thailand has given the green light to Western Digital’s substantial investment project, valued at 23.5 billion baht ($693 million), to enhance hard disk production within the country. The Board of Investment (BOI) announced on Monday that this expansion is expected to significantly benefit Thailand’s economy, contributing 200 billion baht annually in exports and generating 10,000 new jobs.
Western Digital’s facility in Thailand, which already employs 28,000 people, plays a crucial role in the global hard disk market, producing approximately 80% of the world’s hard drives. This latest investment adds to Thailand’s track record of supporting the hard disk industry, with a total of 82.6 billion baht invested over the past decade. Last year, competitor Seagate also expanded its operations in Thailand with a 16 billion baht investment.
Thailand anticipates that overall investment applications for 2024 will reach 800 billion baht, highlighting the country’s growing appeal as a hub for technological investment.
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