- Thailand is becoming an attractive destination for printed circuit board (PCB) manufacturers, especially in the AI supply chain, as many companies from China and Taiwan are rushing to open factories here.
- Victory Giant Technology (VGT), a key supplier to Nvidia, is building its second PCB factory in Ayutthaya, less than a year after acquiring its first plant from Taiwan’s APCB Group.
- VGT is expected to order 100 new pieces of equipment to expand production in Thailand and Vietnam.
- Gold Circuit Electronics (GCE) – a supplier for Nvidia’s GPU switch trays – is also operating its first factory in Thailand at full capacity.
- Nearly 60 Chinese and Taiwanese PCB manufacturers, including Unimicron, Zhen Ding Tech, and Shennan Circuits, have established factories in Thailand in less than three years.
- Victory Giant’s market capitalization has reached over 233 billion yuan (
32.6billion),farexceedingZhenDingTech′s(32.6billion),farexceedingZhenDingTech′s(5.97 billion). - The Thai government expects to make the country the world’s second-largest PCB manufacturing hub after China, with production value projected to increase from $3.5 billion (2024) to $5.62 billion (2030), at a CAGR of 7.6%.
- The supply chain shift is partly driven by geopolitical concerns, especially after Nancy Pelosi’s visit to Taiwan in 2022.
- However, businesses are facing challenges with cultural differences, a shortage of engineers, and labor costs that are three times higher than in China.
- The salary for a production line manager has increased from 40,000 to 80,000–100,000 baht/month (equivalent to
2,480–2,480–3,100), triggering a “talent war.” - Currently, most high-end raw materials and equipment for PCB production still have to be imported.
- The Thai PCB Association is building a practical training center with a simulated production line to train engineers.
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Thailand is becoming an attractive destination for printed circuit board (PCB) manufacturers, especially in the AI supply chain, as many companies from China and Taiwan are rushing to open factories here. Victory Giant Technology (VGT), a key supplier to Nvidia, will order 100 new pieces of equipment to expand production in Thailand and Vietnam. Gold Circuit Electronics (GCE) – a supplier for Nvidia’s GPU switch trays – is also operating its first factory in Thailand at full capacity. The Thai government expects to make the country the world’s second-largest PCB manufacturing hub after China, with production value projected to increase from $3.5 billion (2024) to $5.62 billion (2030).
