MEDIA OUTREACH : AI AND EV BOOM DRAWS $690 MILLION IN ADVANCED MATERIALS INVESTMENT PLANS TO THAILAND

What happened: Makers of capacitors, magnets and battery materials for AI servers and EVs have filed 35 advanced materials projects with the Thailand Board of Investment since 2023, covering MLCCs, graphite films, ceramics, battery and fuel-cell materials, and neodymium magnets. Key numbers: 35 projects worth about $690 million Why it matters: The BOI frames the projects as a shift for Thailand from downstream assembly toward upstream, high-value materials production, with the agency pledging support for R&D, technology and workforce development to build a regional advanced materials hub.

Makers of capacitors, magnets and battery materials for AI servers and EVs have filed 35 advanced materials projects with the Thailand Board of Investment since 2023, covering MLCCs, graphite films, ceramics, battery and fuel-cell materials, and neodymium magnets.

The BOI frames the projects as a shift for Thailand from downstream assembly toward upstream, high-value materials production, with the agency pledging support for R&D, technology and workforce development to build a regional advanced materials hub.