Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI) The projects, filed through the first half of 2026, cover multilayer ceramic capacitors (MLCCs), thermal graphite films, high-performance ceramics, battery and fuel-cell materials, neodymium magnets, glass and quartz fabrics for printed circuit boards, and nanomaterials for precision manufacturing. Together they mark a shift for one of Southeast Asia's largest economies from downstream assembly toward the high-value materials on which future industries are built.
In AI computing and clean energy, lighter, more heat-resistant and more conductive materials determine how well devices perform. MLCCs are essential components in products from smartphones to AI servers, and a single high-end server can use up to 30,000 of them.
"The world is moving toward products that are smaller and lighter, yet stronger and more efficient," said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. "Producing advanced materials in Thailand is key to building sustainable industrial capacity, reducing reliance on imports, and opening the door for Thai companies to join higher-value supply chains."
In brief
The Thailand Board of Investment says suppliers have filed 35 advanced-materials projects worth about $690 million (23.5 billion baht) in Thailand since 2023. The projects, filed through the first half of 2026, include materials for electronics, AI servers, electric vehicles, batteries, fuel cells and clean-energy systems. They cover products such as multilayer ceramic capacitors, graphite films, ceramics, magnets and battery materials. BOI Secretary General Narit Therdsteerasukdi says local production could reduce reliance on imports and help Thai companies participate in higher-value supply chains. The agency says it will continue building the investment base and supporting research and development, technology and workforce development, with the aim of shifting Thailand toward upstream production.
Key takeaways
- Suppliers filed 35 advanced-materials projects in Thailand since 2023, valued at about $690 million.
- Projects include materials for AI servers, electronics, EVs, batteries, fuel cells and clean energy.
- The BOI says the investment could support domestic production and greater participation in higher-value supply chains.
- Projects were filed through the first half of 2026.
Beyond electronics, the projects strengthen supply chains for electric vehicles, batteries, and clean energy, from BGN Thai's coated foils for lithium-ion batteries and Phinis Well's neodymium magnets for EV motors to Xinyuan Graphite's bipolar plates for hydrogen fuel cells.
CoorsTek Advanced Materials, a subsidiary of US-based CoorsTek — a global leader in engineered ceramics for the semiconductor and aerospace industries — has invested in producing ceramics for automotive pressure sensors and silicon nitride balls for hybrid bearings in EVs and wind turbines. Golden Egret Cemented Carbide is making tungsten carbide powders for precision cutting tools, reinforcing Thailand's base for high-precision manufacturing.
"The advanced materials industry taking root in Thailand today is the foundation of tomorrow's supply chains in electronics, EVs, batteries, and clean energy," Mr. Narit said. "The BOI will keep building this investment base, strengthening upstream materials and components, and supporting R&D, technology, and workforce development, to move Thailand from downstream to upstream production and make it the region's advanced materials hub."
Note: USD conversions are based on the Bank of Thailand's average selling rate of approximately 33.76 baht per USD.
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Thailand Board of Investment (BOI)
Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country's competitiveness and driving its transition toward a sustainable, balanced new economy.
Investment Services Center — PR Section, Office of the Board of Investment (BOI)
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At a glance
- Company
- Thailand Board of Investment (BOI)
- Announcement
- Expansion
- Location
- Bangkok, Thailand
Key figures
- Advanced-materials projects
- 35
- Project value
- about $690 million
- Project value in baht
- 23.5 billion baht
- Project filing period
- through the first half of 2026
People
- Narit TherdsteerasukdiSecretary General of the Thailand Board of Investment
