Toshiba Sets Up New Semiconductor Facility In Thailand
News: Japan-based electronics company Toshiba says its company Toshiba Semiconductor Thailand (TST) has completed its relocation to a new semiconductor manufacturing plant, reports Thailand News. The company added that mass production had begun at the new site, which reflects TST's full recovery from the flooding of 2011. The new factory, where construction work began in July 2012, is in Prachinburi and is 1.4 times the size of TST's old plant. TST and Toshiba hope the new plant will give them better operating efficiency and higher productivity, whole also offering room for expansion that will enable them to quickly and flexibly meet any growth in demand.
BMI View: Thailand's IT market is expected to record strong medium-term growth, with CAGR of spending forecast at 10.8% 2013-2017. BMI forecasts the value of the market will increase to THB365bn in 2017, as the IT market increases as a share of GDP, reaching 2.3% by 2017. Several factors underpin this strong outlook including underlying economic growth (and importantly rising incomes), investments in telecoms networks, availability of lower cost hardware devices and growth in key product categories including tablets, cloud computing, big data analytics, real-time business management systems and enterprise software adoption among SMEs.