Prime Minister Anutin Charnvirakul has ordered the establishment of the National Semiconductor and Advanced Electronics Policy Committee (Semiconductor Board) to set direction and drive national strategies on the production of “Made-in-Thailand” chips.
The committee is tasked with formulating policies, master plans, and development targets for the semiconductor and advanced electronics industry, reviewing government plans and projects, submitting proposals for cabinet approval, monitoring and assessing operational outcomes, and appointing subcommittees or working groups to implement policies concretely. The aim is to support the growth of target industries such as AI, robotics, digital, advanced automotive, clean energy, and biotechnology in the long term.
Bualuang Securities views the establishment of the Semiconductor Board as a long-term foundation for the country. The government aims to attract investment in the semiconductor sector totaling over THB 2.5 trillion by 2050. Thus, the economic benefits are expected to materialize gradually and will not immediately have a positive impact on every industry group.
Overall, this move represents a long-term positive factor for the Thai economy, while in the short term it will support investment sentiment in stocks that directly benefited from the industry’s expansion.
The key beneficiaries are expected to be industrial estate developers, including WHA Corporation PCL (SET: WHA) and Amata Corporation PCL (SET: AMATA), due to higher demand for plant space and expanded supply chains.
Within the electronics sector, companies expected to benefit from the expansion of the supply chain include Delta Electronics (Thailand) PCL (SET: DELTA), Hana Microelectronics (SET: HANA), Cal-Comp Electronics (Thailand) PCL (SET: CCET), and KCE Electronics PCL (SET: KCE).
Meanwhile, utilities and energy companies supporting investment in industrial estates, such as B.Grimm Power PCL (SET: BGRIM), Global Power Synergy PCL (SET: GPSC), and WHA Utilities and Power SET: (SET: WHAUP), are also likely to benefit. Additionally, industrial water suppliers such as Eastern Water Resources Management and Development PCL (SET: EASTW) stand to gain from rising water demand.
Furthermore, continued investment into AI and data centers will be a positive factor for Advanced Info Service PCL (SET: ADVANC) and True Corporation PCL (SET: TRUE), as demand for digital infrastructure and data connectivity services grows alongside investment in advanced technology industries.
