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News Forum - US’s Chips & Science Act good news for Thailand’s car industry

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The Federation of Thai Industries (FTI) made it known yesterday that they feared China’s trade embargo with Taiwan would affect business in Thailand, particularly in the automobile industry. The FTI said the car industry was anxious China would deny Taiwan the raw materials Thailand needed to make semiconductors that the Thai transportation business is dependent on. Those fears remain in the short term but in the long term, there is some good news for the Thai car industry. Yesterday, US President Joe Biden signed into law a multibillion dollar bill boosting domestic semiconductor and other high-tech manufacturing sectors that the […]

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