German chip manufacturer Infineon Technology will officially open a semiconductor factory in Thailand on October 1. The project will invest more than 48 billion baht to help Thailand build a more advanced local chip industry. Thailand's Investment Commission issued a press release on Friday evening saying that the investment covers power module manufacturing, semiconductor testing, and an R&D center. The Thai plant will manufacture power modules for electric vehicles, energy systems, and data centers. The project is expected to employ more than 5,000 local Thai employees.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.