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Thailand approves Western Digital’s 23.5 billion baht investment project

by Sarkiya Ranen
in Technology
Thailand approves Western Digital’s 23.5 billion baht investment project
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THAILAND has approved Western Digital’s 23.5 billion baht (S$899 million) project to expand hard disk production in the country, Thailand’s Board of Investment (BOI) said on Monday (Aug 26), as cloud technology and data centre demand grows.

The investment would boost the Thai economy by adding exports worth 200 billion baht per year and creating an extra 10,000 jobs, the BOI said.

Western Digital’s Thai facility currently employs 28,000 people in Thailand, where some 80 per cent of the world’s hard disks are made, according to the BOI.

Thailand has approved 82.6 billion worth of investments in the hard disk industry in the decade. Last year, rival hard disk maker Seagate made an expansion with a 16 billion baht investment.

South-east Asia’s second-largest economy expects overall investment applications to reach 800 billion baht for 2024. REUTERS



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Tags: ApprovesbahtBillionDigitalsInvestmentProjectThailandWestern
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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