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BANGKOK (Reuters) – Thailand has actually authorized Western Digital’s 23.5 billion baht ($ 693 million) job to broaden hard drive manufacturing in the nation, Thailand’s Board of Financial investment (BOI) claimed on Monday, as cloud modern technology and information centre need expands.
The financial investment would certainly increase the Thai economic situation by including exports worth 200 billion baht each year and producing an added 10,000 tasks, the BOI claimed.
Western Digital’s Thai center presently utilizes 28,000 individuals in Thailand, where some 80% of the globe’s hard drives are made, according to the BOI.
Thailand has actually authorized 82.6 billion well worth of financial investments in the hard drive market in the years. In 2014, competing hard drive manufacturer Seagate made a development with a 16 billion baht financial investment.
Southeast Asia’s second-largest economic situation anticipates total financial investment applications to get to 800 billion baht for 2024.
( Coverage by Kitiphong Thaichareon and Chayut Setboonsarng; Composing by Orathai Sriring; Modifying by Tom Hogue and Michael Perry)
