📊Executive Summary

The Thai government, led by Prime Minister Anutin Charnvirakul, has signed an order to establish the National Semiconductor and Advanced Electronics Policy Committee. This initiative aims to position Thailand as a hub for semiconductor manufacturing in ASEAN by 2050, with a target of attracting THB2.5 trillion in investments and developing over 230,000 skilled workers. The committee will focus on strengthening supply chains and fostering collaboration between public and private sectors to enhance the country's semiconductor capabilities. This development is crucial for procurement teams as it signals a strategic push towards local semiconductor production, potentially impacting sourcing strategies and investment decisions in the region....