Thailand secured 1,954 investment promotion applications worth more than 1.7 trillion baht in the first nine months of the year, a 28 per cent increase driven by artificial intelligence hardware, electronics and food processing.

Foreign direct investment led the expansion, surging 62 per cent year on year to 1.55 trillion baht across 1,309 proposals.

Digital ventures drew 139 projects valued at over 1.17 trillion baht, nearly double the intake from a year earlier. Within that segment, 111 projects worth over 1.2 trillion baht tied directly into artificial intelligence supply chains, spanning data centres, cloud hosting, chip design, semiconductor manufacturing and testing, printed circuit boards and hard-disk drives. Major applicants included US-based Analog Devices, Taiwan’s Delta Electronics and California storage-device maker Western Digital.

Electrical appliances and component producers took second place, logging 262 project filings valued at 189.37 billion baht, up 7 per cent. Board of Investment secretary-general Narit Therdsteerasukdi stated that rapid expansion across data hubs is accelerating local orders for power management gear, cooling units, high-speed networking lines and server racks. That procurement loop connects heavy infrastructure directly to domestic tier-two and tier-three parts suppliers.

The increase reflected both a global shift in investment flows amid geopolitical tensions and rapid technological change

Singaporean corporate vehicles directed the largest volume of overseas capital, channeling 1.16 trillion baht, followed by manufacturing groups based in China, the United Kingdom, Japan and Taiwan.

Geographic concentration remains sharp across the country’s established manufacturing corridors. 3 billion baht. Combined, the two commercial districts absorbed 93 per cent of every investment baht pledged through September.

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