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Foxconn subsidiary to expand in Thailand with new factories in Chonburi and Rayong

Foxsemicon Integrated Technology Inc. (FITI), a subsidiary of Foxconn specializing in semiconductor equipment, is expanding its footprint in Thailand with a THB10.5 billion (approx. US$311 million) investment. Approved by the Thailand Board of Investment (BOI), this initiative aims to bolster Thailand’s semiconductor industry, which is rapidly becoming a regional hub for advanced manufacturing.