Top Electronics Companies in Thailand

The Electronics Industry in Thailand is a critical sector that contributes significantly to the country's economic development. In 2022, the industry's value was estimated to be 1.9 trillion baht, a 5.2% increase from the previous year. In this article, we will discuss the key statistics, factors contributing to its growth and success, industry growth and comparison to previous years, key trends, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
SEAGATE TECHNOLOGY16,549 +65 6302 4550

At Seagate, we know that data is always in motion, alive, connected—and we harness it in order to maximize human potential. Since 1979, we have been creating precision-engineered data storage technologies that deliver superior capacity, speed, safety, and performance. We are a diverse workforce of 40,000 creative, hard-working, passionate people all over the world—Silicon Valley, the United Kingdom, Singapore, India, China, and beyond.

BROADCOM24,542 +65 6755 7888

Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs,develops and supplies semiconductor and infrastructure software solutions.

AVAGO TECHNOLOGIES1,803 +65 6755 7888

Broadcom Limited (NASDAQ: AVGO) is a leading designer, developer and global supplier of a broad range of analog and digital semiconductor connectivity solutions. Broadcom Limited’s extensive product portfolio serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other. Applications for our products in these end markets include: data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays. For more information, go to www.broadcom.com.

REC1,481 +65 6495 9228

Founded in 1996, REC Group is an international pioneering solar energy company dedicated to empowering consumers with clean, affordable solar power. As Solar’s Most Trusted, REC is committed to high quality, innovation, and a low carbon footprint in the solar materials and solar panels it manufactures. Headquartered in Norway with operational headquarters in Singapore, REC also has regional hubs in North America, Europe, and Asia-Pacific.

GLOBALFOUNDRIES12,681 +65 6362 2838

GlobalFoundries Inc. (GF) is one of the world’s leading semiconductor manufacturers. GF delivers feature-rich solutions that enable its customers to develop innovative products for pervasive chips for high-growth markets. GF provides a broad range of feature-rich process technology solutions with a unique mix of design, development and fabrication services. With an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its customers across the globe. GF is owned by Mubadala Investment Company. For more information, visit www.gf.com. GlobalFoundries is an Equal Employment Opportunity/Affirmative Action (EEO/AA) employer Minorities/Female/Disabled/Veteran (M/F/D/V).#CB

INTEL CORPORATION123,715 +65 6213 1000

Intel’s mission is to shape the future of technology to help create a better future for the entire world. By pushing forward in fields like AI, analytics and cloud-to-edge technology, Intel’s work is at the heart of countless innovations. From major breakthroughs like self-driving cars and rebuilding the coral reefs, to things that make everyday life better like blockbuster effects and improved shopping experiences — they’re all powered by Intel technology. With a career at Intel, you have the opportunity to help make the future more wonderful for everyone.Join us.

M+W GROUP2,140 +65 6725 9500

M+W Group with its origin in Germany and a history of more than 100 years has reorganised its activities in 2018, thereby creating two, distinct companies ‘Exyte’ and ‘M+W’:Exyte comprises all core business activities, which include Advanced Technology Facilities (ATF), Biopharma & Life Sciences, Data Centers (DTC) and Regional Specific Business (RSB) in defined target countries.M+W comprises all other business activities, which are mainly related to energy projects.The re-grouping does not have any influence on the execution of ongoing projects or on customer engagements, respectively. M+W Group, which holds 100% of Exyte and 100% of M+W, is owned by the Stumpf Group.

MICRON TECHNOLOGY25,656 +65 6290 3000

Micron is a world leader in innovative memory solutions that transform how the world uses information. We have approximately 40,000 team members in 17 countries who work with the world’s most trusted brands, delivering memory and storage systems for a broad range of applications and sparking countless possibilities in technology.

NXP SEMICONDUCTORS21,816 +65 6434 8688

NXP Semiconductors N.V. (NASDAQ: NXPI) enables a smarter, safer and more sustainable world through innovation. As a world leader in secure connectivity solutions for embedded applications, NXP is pushing boundaries in the automotive, industrial & IoT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, the company has approximately 34,500 employees in more than 30 countries and posted revenue of $13.21 billion in 2022. Find out more at www.nxp.com.Privacy Policy: https://www.nxp.com/company/about-nxp/privacy-policy-for-social-media-pages:PRIVACY-POLICY-SOCIAL-MEDIA

RAZER INC.1,432 +65 6505 2188

Razer™ is the world’s leading lifestyle brand for gamers.The triple-headed snake trademark of Razer is one of the most recognized logos in the global gaming and esports communities.With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.Razer’s award-winning hardware includes high-performance gaming peripherals and Blade gaming laptops. Razer’s software platform, with over 70 million users, includes Razer Synapse (an Internet of Things platform), Razer Chroma™ (a proprietary RGB lighting technology system), and Razer Cortex (a game optimizer and launcher).In services, Razer Gold is one of the world’s largest virtual credit services for gamers, and Razer Fintech is one of the largest online-to-offline digital payment networks in SE Asia.Founded in 2005 and dual-headquartered in Irvine and Singapore, Razer has 18 offices worldwide and is recognized as the leading brand for gamers in the USA, Europe and China. Razer is listed on the Hong Kong Stock Exchange (Stock Code: 1337).

SAMSUNG ELECTRONICS95,781 +65 6916 1260

Samsung Electronics is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, medical devices, semiconductors and LED solutions. Samsung is also leading in the Internet of Things space through, among others, our Smart Home and Digital Health initiatives. Since being established in 1969, Samsung Electronics has grown into one of the world’s leading technology companies, and become recognized as one of the top 10 global brands. Our network now extends across the world, and Samsung takes great pride in the creativity and diversity of its talented people, who drive our growth. To discover more, please visit our website at www.samsung.com and our official newsroom at news.samsung.com

INFINEON TECHNOLOGIES34,508 +65 6840 0888

Semiconductors are crucial to solve the energy challenges of our time and shape the digital transformation. This is why Infineon is committed to actively driving decarbonization and digitalization. As a global semiconductor leader in power systems and IoT, we enable game-changing solutions for green and efficient energy, clean and safe mobility, as well as smart and secure IoT. We make life easier, safer, and greener. Together with our customers and partners. For a better tomorrow.With a unique team, employees from more than 90 countries make Infineon a successful international company – with their skills, their enthusiasm and the courage to challenge the status quo and open up new horizons. Since the semiconductor was invented, we have helped shape the future – every single day.

SIEMENS ENERGY32,691 +65 6490 6000

Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. A majority stake in the wind power subsidiary Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs 93,000 people worldwide in more than 90 countries and generated revenue of around €29 billion in fiscal year 2022.Siemens Energy is a trademark licensed by Siemens AG

STMICROELECTRONICS30,838 +65 6482 1411

ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST’s products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.

TEXAS INSTRUMENTS29,367 +65 6389 4600

Texas Instruments has been making progress possible for decades. We are a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips. Our more than 80,000 products help over 100,000 customers efficiently manage power, accurately sense and transmit data and provide the core control or processing in their designs, going into markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. Our passion to create a better world by making electronics more affordable through semiconductors is alive today as each generation of innovation builds upon the last to make our technology smaller, more efficient, more reliable and more affordable – opening new markets and making it possible for semiconductors to go into electronics everywhere. We think of this as Engineering Progress. It’s what we do and have been doing for decades. Learn more https://news.ti.com/index.cfm

APPLE282,056 +65 1800 692 7753

We’re a diverse collective of thinkers and doers, continually reimagining what’s possible to help us all do what we love in new ways. And the same innovation that goes into our products also applies to our practices — strengthening our commitment to leave the world better than we found it. This is where your work can make a difference in people’s lives. Including your own.Apple is an equal opportunity employer that is committed to inclusion and diversity. Visit apple.com/careers to learn more.

LOGITECH7,759 +65 6586 7733

Welcome to the New Logic of Work. No matter what that means to you.Learn all about the products designed to empower you to create the best work of your life, or to simply enjoy work more. As well as the people who make them. Do you make tech decisions for your company? You might enjoy Logitech Business:https://www.linkedin.com/showcase/logitech-business/about/Are you an educator, teacher, or administrator? Logitech Education is for you:https://www.linkedin.com/showcase/logitech-education/Join the LogiTeam:https://jobs.jobvite.com/logitech/

JABRA2,137 +65 6390 2600

Whether you’re training for your first marathon, learning Mandarin in your lunch breaks, or lounging on the couch in your PJs watching Sex and the City reruns (hey – we don’t judge), we love that you dance to the beat of your own drum.

UTAC1,640 +65 6481 8811

UTAC Holdings Ltd (“UTAC”) is a leading independent provider of assembly and test services for a broad range of integrated circuits with diversified end uses, including in-communications devices (such as smartphones, Bluetooth and WiFi), consumer devices, computing devices, automotive devices, security devices, and devices for industrial and medical applications.The company offers customers a full range of semiconductor assembly and test services in the following key product categories: analog, mixed-signal and logic, memory, image sensor, MEMS and discrets.UTAC customers are primarily fabless companies, integrated device manufacturers and wafer foundries.UTAC is headquartered in Singapore, with production facilities located in Singapore, Thailand, Taiwan, China, Indonesia and Malaysia. The companys global sales network is broadly focused on five regions: the United States, Europe, China and Taiwan, Japan, and the rest of Asia, and have sales offices in each of these regions.

ASUS14,449 +65 6636 9163

ASUS is a global technology leader delivering incredible experiences that enhance the lives of people everywhere. World renowned for continuously reimagining today’s technologies for tomorrow, ASUS puts users first In Search of Incredible to provide the world’s most innovative and intuitive devices, components, and solutions. Today’s ASUS is more ambitious than ever, unleashing remarkable gaming, content-creation, AIoT, and cloud solutions that solve user needs and infuse delight.ASUS is home to industry-leading experts who are encouraged to pursue their passion for innovation and entrepreneurial spirit to deliver the future of technology to the world. With a team of 5,000 in-house R&D colleagues, ASUS received more than 11 awards every day in 2020 and is ranked as one of Fortune’s World’s Most Admired Companies.Working together as One Team, ASUS team members strive to transform and evolve, trust in radical truth and transparency, and embrace idea meritocracy and foster collective wisdom in the limitless pursuit of the incredible. And because tomorrows experiences start with today’s actions, the people of ASUS are setting new industry standards and delivering on a strong commitment to environmental and community stewardship every day. At ASUS, every individual can find the opportunity to push the limits of what is yet to be imagined, and to make it real. To learn more about our aspirations and what we offer, visit asus.com/about-asus/

Top Electronics Companies in Thailand

Key Statistics from 2022

According to the Thailand Board of Investment, the Electronics Industry in Thailand accounted for 10.4% of the country's GDP in 2022, employing over 700,000 people. The industry comprises consumer electronics, home appliances, electronic components, and semiconductors. The semiconductor industry is the largest sub-sector, accounting for approximately 50% of the industry's value.

Factors Contributing to Its Growth and Success

One of the key factors contributing to the growth and success of the Electronics Industry in Thailand is the government's initiatives to support the industry's development. The government has been implementing policies and programs to boost investment, innovation, and competitiveness in the industry. For example, the Thailand Board of Investment has been promoting investment in the industry by providing incentives such as tax exemptions, work permits, and land ownership rights to investors.

Additionally, the government has been investing in infrastructure development, including ports, highways, and airports, to facilitate the transportation of goods and services. The government has also been promoting the development of eco-friendly and sustainable practices in the industry, as part of its efforts to promote sustainable development.

Industry Growth and Comparison to Previous Years

The Electronics Industry in Thailand has been growing steadily over the years, with an average growth rate of 5.2% per year. In 2022, the industry's value increased by 5.2% from the previous year, which is in line with the average growth rate. The industry's growth rate has been affected by the COVID-19 pandemic, which has disrupted global supply chains and reduced consumer demand for electronics.

Key Trends

The Electronics Industry in Thailand has been experiencing technological disruptions that are changing the industry's landscape. One of the key trends in the industry is the adoption of advanced manufacturing technologies, such as automation, robotics, and artificial intelligence. These technologies are being used to improve the efficiency and quality of production, reduce costs, and enhance customer experience.

Another trend in the industry is the growing demand for eco-friendly and sustainable products. Consumers and businesses are becoming more interested in products that have a low environmental impact, are energy-efficient, and are made with sustainable materials.

Challenges

The Electronics Industry in Thailand faces several challenges that could affect its growth and competitiveness. One of the challenges is the intense competition from other countries such as China, Taiwan, and South Korea, which have well-established electronics industries and more efficient production processes. Another challenge is the shortage of skilled labor in the industry, which limits its ability to innovate and develop new products.

Future Outlook

The future of the Electronics Industry in Thailand looks promising, despite the challenges it faces. The industry is expected to continue growing, driven by the government's support and investment in innovation, infrastructure, and technology. The industry's adoption of advanced manufacturing technologies is expected to increase, improving its efficiency and competitiveness.

To remain competitive, the industry players need to focus on innovation and differentiation, through the use of advanced manufacturing technologies, eco-friendly and sustainable products, and development of new product lines. They need to invest in research and development, and collaborate with other players in the industry to develop new solutions and technologies. The government should also continue to provide support to the industry, by investing in infrastructure, education, and research and development, and by promoting trade agreements and partnerships with other countries.

Moreover, the COVID-19 pandemic has also presented new challenges and opportunities for the Electronics Industry in Thailand. The pandemic has disrupted global supply chains and reduced consumer demand for electronics. However, it has also accelerated the adoption of advanced manufacturing technologies, which have enabled the industry to improve its efficiency, reduce costs, and enhance customer experience.

The pandemic has also highlighted the importance of innovation and sustainability in the industry. The industry players need to adopt new business models and strategies that leverage the potential of digital technologies and sustainable practices to improve their competitiveness and environmental performance.

Conclusion

In conclusion, the Electronics Industry in Thailand is a vital sector that contributes significantly to the country's economic development. The industry has been growing steadily, supported by the government's initiatives, investment in infrastructure, and adoption of new technologies. However, the industry faces several challenges, such as intense competition and shortage of skilled labor. The future outlook for the industry is positive, driven by the adoption of advanced manufacturing technologies, eco-friendly and sustainable products, and research and innovation. By addressing the challenges and capitalizing on the opportunities, the industry can continue to grow and contribute to the country's economic development.

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By Melissa Goh
Published on 29 May 2023